$1,250,000
Available - For Sale
Listing ID: X12766598
157 Main Street North , Wellington North, N0G 2L2, Wellington
| Excellent investment opportunity in the heart of downtown Mount Forest. This well-maintained and nicely updated mixed-use property offers strong current income with significant upside potential. The building includes two main-floor retail commercial units in a high-visibility downtown location, along with seven residential apartments consisting of four one-bedroom units, two two-bedroom units, and one studio apartment. The property benefits from plenty of on-site parking, and two additional storage buildings on the site provide excellent potential for further development, expansion, or additional revenue streams. With opportunities to improve operating efficiencies and increase rental income over time, this property represents a solid value-add investment. Ideal for investors seeking a stable return with long-term growth potential in a prime downtown setting. |
| Price | $1,250,000 |
| Taxes: | $7983.28 |
| Tax Type: | Annual |
| Assessment Year: | 2026 |
| Occupancy: | Tenant |
| Address: | 157 Main Street North , Wellington North, N0G 2L2, Wellington |
| Postal Code: | N0G 2L2 |
| Province/State: | Wellington |
| Legal Description: | PT LT 9 W/S MAIN ST PL TOWN OF MOUNT FOR |
| Directions/Cross Streets: | Birmingham St & Wellington St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 |
| Category: | Multi-Use |
| Use: | Other |
| Building Percentage: | T |
| Total Area: | 14423.63 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 100+ |
| Financial Statement: | T |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | No |
| Washrooms: | 0 |
| Outside Storage: | T |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
| Sewers: | Sanitary+Storm |
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| Keller Williams Home Group Realty |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Wellington |
| Municipality: | Wellington North |
| Neighbourhood: | Mount Forest |
| Approximate Age: | 100+ |
| Tax: | $7,983.28 |
| Fireplace: | N |
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