- 4 Bedroom
- 3 Bathroom
- 5,000 - 100,000 sqft
- Central Air Conditioning
- Forced Air
$499,900
An excellent investment opportunity in the heart of Alfred! This solid brick, two-storey mixed-use property offers approximately 6,400 sq. ft. of total building space and is zoned for up to six units. The property features three residential apartments on the second floor, all with existing leases, plus approximately 3,100 sq. ft. of commercial space on the main level, offering excellent potential for an owner-operator or investor. Previously occupied by the National Bank of Canada for many years, the commercial space includes a large retail area, four separate offices, a walk-in safe, storage space and handicap accessibility.Offering multiple income streams and future development potential, this property presents an exceptional opportunity for investors looking to maximize returns. With a potential net capitalization rate of 10.4%, this is an attractive addition to any investment portfolio. Whether you're looking to operate your own business, lease the commercial space, or explore the property's six-unit zoning potential, the possibilities are endless! (id:66888)
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Details
| MLS® Number | X14160446 |
| Property Type | Multi-family |
| Community Name | 609 - Alfred |
| Parking Space Total | 2 |
| Bathroom Total | 3 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 5,000 - 100,000 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 81 Ft ,9 In |
| Size Frontage | 70 Ft |
| Size Irregular | 70 X 81.8 Ft |
| Size Total Text | 70 X 81.8 Ft |
| Zoning Description | Com/res |
| Zoning Type | Residential/commercial |
Map
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November 07 2026 08:02:17
Ottawa Real Estate Board