38 Division Street

Incredible value at this price for a purpose built 4 unit commercial building with 3 residential units fully rented out! This building is operating at a 8.16% Cap rate, fully rented to quality tenants. The main floor is a commercial unit current used as a Salon, 2 years remaining on the lease. The commercial unit has been renovated and looks fantastic, providing some nice curve appeal. The 3 Residential units are very spacious and have limitless potential to any future owner! Unit 2 and 3, both One Bedroom units with high 10+ Foot ceiling however are in need of TLC with long term tenants in place. Unit 1 is a two Bedroom that has been fully redone a year ago and turnkey. This building comes with driveway access with 3 car parking in the rear. Many upgrades include a newer Roof (2023) and fully renovated commercial unit and unit 1 (with market rents), and much more! The building heat runs on a boiler and radiant heat inside each unit. Many incentives in the downtown core available. Full financial statement and feature sheets attached in the listing.