Prime Tecumseh investment opportunity on an exceptionally busy, high-exposure corner of Riverside Dr. E and Chene St., directly beside popular TOTO Café and steps to Lake St. Clair and the Ganatchio Trail. 2 buildings on 1 lot. Versatile mixed-use property featuring commercial space fronting Riverside with residential 2 bedroom apartment above, plus a separate detached office/residential building. Current income with rental upside and potential gross annual income of approximately $75,600. Detached building can readily transition back to 3-4 bedroom residential home, providing added flexibility. Excellent visibility, strong location and multiple opportunities to enhance income. A rare Riverside Drive investment offering exposure, flexibility, in an established neighbourhood with future upside with new development potential in the immediate area. Minimum 48 hours for showings. L/S must be present for showings. (id:4069)
Address
12205 RIVERSIDE DRIVE East
List Price
$999,900
Property Type
Industrial
Type of Dwelling
House
Transaction Type
Sale
Area
Ontario
Sub-Area
Tecumseh
Lot Size
40 X 103.58 Sq. Ft.
MLS® Number
26023878
Listing Brokerage
REMO VALENTE REAL ESTATE (1990) LIMITED
Postal Code
N8N1A1
Zoning
CG-2
Ownership
Freehold
Features
Corner Site
Heat Source
Natural gas
Heat Type
Baseboard heaters, Forced air
Cooling Features
Central air conditioning
