70 Victoria Street New Tecumseth ON
📍 New Tecumseth, Ontario L9R 1R2
$4,349,999
📋 Listing Highlights
📝 Listing Description
70 Victoria St E 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 Level 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, All Rooftop Units Replaced, 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 it's Unbeatable Location! Massive Potential for Redevelopment in the Future if so Desired. The Number on this Investment Property will Impress.
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