46
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$1,100,000
Est. payment /mo
4,148 SqFt
New
422-430 TURNBERRY Street Brussels, ON N0G1H0
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Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 4148
Square Footage 4,148 sqft
Price per Sqft $265
Subdivision Turnberry Twp
MLS® Listing ID 40868723
Property Sub-Type Freehold
Property Description
A landmark 1888 building and a rare opportunity to own a stable, cash-flowing mixed-use property in the heart of Brussels. Featuring six generously sized residential apartments and two commercial spaces, this well-established income property offers approximately $158,940 in potential gross annual income, with additional upside through furnished and hospitality-style accommodations. You could choose to live in one unit with a substantial offset to your mortgage and ownership costs through the building's rental income; possibly living for free! Numerous capital improvements have been completed, including front facade brick repointing, window caulking and new flashing (2026); updated windows in one apartment (2026); new kitchens in two apartments (2024); new eavestroughs (2024); improvements to the rear building (2024); foundation support beam and repairs (2024); basement lighting (2023); and washer/dryer installation (2023). A few apartments are furnished and could be included in the sale. A truly unique property combining historic character, diversified income, recent improvements and long-term flexibility. Continue with traditional tenants, incorporate furnished accommodations, or create a combination that works for your investment strategy—an established income-producing property with multiple opportunities to build long-term value. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://youriguide.com/422_turnberry_st_huron_east_on/
Listed by KEMPSTON & WERTH REALTY LTD.
NEARBY SCHOOL & BUSINESS
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