Prashanth Prabakaran

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70 VICTORIA STREET E, New Tecumseth, Ontario

$4,599,999

14,625 Square Feet

70 Victoria St East Located in the Heart of Alliston is a Prime Mixed-Use Building that is Highly Sought-After due to its Premium Visibility & Foot Traffic. Solid Retail Long Term Leases with Extensive Leasehold Improvements. $$Million$$ Invested in the 4 Retail Units. Franchise Chains, Champs Burgers, Mac N' Wings, Pizzaiola along with Well Respected Cannabis Retailer Green Grove. All Long-Term Leases @ Premium Retail Rents. Upper Levels Features 8 Large 2 Bedroom + Den Fully Contained Apartments. Very Well-Maintained Building. Over $250K in Building Renovations Since 2021. Including Common Area Upgrades, Hot Water Tanks, Parking Lot Resurfacing, Full Roof Replacement, Full Apartment Renos and much more. Expansive Front and Rear Parking Areas. 6 of the 8 Residential Leases are Below Market & Month-to-Month. Tons of Upside Potential as This Building Has a Fantastic Reputation Within the Community, PLUS its Unbeatable Location! Massive Potential for Redevelopment in the Future if so Desired. The Numbers on this Investment Property will Impress. Please Inquire Further for Lease, Income and Expense Numbers (id:50212)

Listing ID: N12019048
Property Type: Multi-family

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Details

Parking Spaces: 20
Transaction: For sale
Zoning Description: UCC

Building

Cooling: Fully air conditioned
Fireplace Present: False
Heating: Forced air
Heating Fuel: Electric
Size Exterior: 14625 sqft
Size Interior: 14625 sqft
Type: Multi-Family
Utility Water: Municipal water

Land

Size Frontage: 88 ft
Size Irregular: Bldg=88 x 108 FT

Listing provided by CENTURY 21 WENDA ALLEN REALTY
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 70 VICTORIA STREET E in New Tecumseth Ontario. It was last modified on March 14th, 2025. Contact Prashanth Prabakaran to schedule a viewing or to discover other New Tecumseth real estate for sale.

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