27
$449,900 Sale
Listed 12 hours ago
350 St Philippe Street
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Key Facts
Key facts for 350 St Philippe Street
Property Type
Commercial
Parking
None
MLS #
X14160448
Size
-
Basement
-
Listed on
2026-11-06
Lot size
88 x 62.55
Tax
$3,560 /yr
Days on Market
2
Approximate Age
51-99
Maintenance Fee
-
Description
ATTENTION INVESTORS! An exceptional opportunity to own a versatile income-producing mixed-use property in the heart of Alfred! This impressive four-unit building features three residential apartments and one established commercial unit, offering multiple streams of rental income and excellent upside... potential. The residential portion consists of two spacious 2-bedroom apartments and one bachelor unit. Adding to its appeal, one of the 2-bedroom apartments has been completely renovated and is currently vacant, allowing the new owner to set their own rental rate, with an estimated rental potential of approximately $1,300/month plus heat and hydro. The commercial unit is currently occupied by the well-established Milano Pizza, providing an additional source of income and stability.Ideally situated along Highway 17, this property benefits from excellent exposure, convenient access to local amenities, schools, restaurants and everyday services, while offering easy connectivity to both Ottawa and Montreal. With an established commercial tenant secured under a renewed four-year triple-net lease, three residential units and the added opportunity to maximize rental income from the vacant renovated apartment, this property presents an outstanding investment opportunity. Boasting a true potential net capitalization rate of 10.28%, this is an attractive opportunity for investors seeking strong income potential, multiple revenue streams and long-term value in a desirable central location. Don't miss your chance to add this exceptional mixed-use investment property to your portfolio!
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Courtesy of: EXP REALTY