213 St Lawrence Street East Street Centre Hastings ON

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📝 Listing Description

ATTENTION INVESTORS, DEVELOPERS, AND HISTORIC HOME ENTHUSIASTS! Uncover the massive potential of this grand 1900s estate in the heart of Medoc. Boasting approx. 14 rooms, 5 baths, and 2 existing kitchens, this towering structure offers rare scale and versatility. Completely vacant, clear of tenants, and ready for immediate transformation. CHOOSE YOUR OPPORTUNITY:1.HIGH-YIELD TRIPLEX: With a 2-kitchen footprint in place, multi-unit conversion "heavy lifting" is partially done. Maximize cost-per-unit metrics to build a powerhouse cash-flowing asset. 2. BOUTIQUE BED & BREAKFAST: Capitalize on the historic architecture, massive room count, and layout to create a unique hospitality destination in a growing market. 3. GRAND MULTI-GENERATIONAL ESTATE: Unmatched square footage. Live in one section while utilizing separate layouts for extended family or rent portions to offset your mortgage.VALUE-ADD & PRICING STRATEGY: Sold "as-is, where-is" and aggressively priced at $499,999 to account for necessary cosmetic, mechanical, and capital updates. Bring your contractor and vision-this textbook "blank canvas" allows you to customize finishes from scratch while forcing immediate, massive equity. INVESTOR BONUS: Seller financing available! Skip bank delays with an 8% interest-only VTB mortgage (80% LTV) with just a 20% down payment ($99,999.80). Keep your capital free for renovations! Opportunities of this scale and price point do not last. Whether building a high-performance portfolio or resurrecting a historic masterpiece, this property delivers the perfect canvas. Offers welcome anytime. Schedule your private tour today and run the numbers!

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