For Sale

212 Main Street, Minto (Palmerston), Ontario N1G2P0

$4,100,000

212 Main Street, Minto (Palmerston), Ontario N1G2P0 is For Sale and has a listing price of 4,100,000. The property is located in the Minto neighbourhood. It's been on the website for 36 Days.

  • Retail
    Property Type
  • MLS ID: X9229472
  • Office Name NU-VISTA PREMIERE REALTY INC.
Property Description

Prime Downtown Palmerston Commercial Property For Sale A Versatile Investment Opportunity!Description: An exceptional investment opportunity awaits in the heart of downtown Palmerston! This versatile commercial property boasts a strategic location and diverse income streams, making it a standout choice for savvy investors. The property includes three established restaurants, a laundromat, and multiple residential units designed to maximize profitability and cater to a wide range of tenants. Property Highlights: Three Restaurants: Well-established dining options with loyal customer bases, providing steady income and excellent growth potential. Laundromat: a conveniently located facility catering to residents and businesses, ensuring consistent revenue. Residential Units: Two 3-Bedroom Apartments: Spacious and well-maintained, perfect for families or professionals. Five 2-Bedroom Apartments: Ideal for couples, small families, or individuals seeking comfortable living in a prime location. Key Features: Prime Location: Situated in the bustling downtown area of Palmerston, ensuring high visibility and foot traffic. Substantial Rental Income: Multiple income streams from commercial and residential tenants. Turnkey Investment: Fully equipped and operational businesses with established customer bases. Parking: Ample parking is available for restaurant patrons, laundromat users, and apartment residents. Why Invest Here? Diversified Revenue Streams: Benefit from stable and diverse income sources across commercial and residential units. Growth Potential: Opportunity to further enhance profitability through targeted marketing, menu expansion, and property upgrades. Community Hub: Located in a vibrant downtown area, Seize this chance to acquire a prime commercial property in downtown Palmerston designed to deliver robust returns and long-term value. Whether you’re an experienced investor or new to the market, this property offers unmatched potential and opportunity. (id:43137)

Property Details
  • MLS ID: X9229472
  • Price: $4,100,000
  • Transaction Types: For Sale
  • Ref ID: 27226021
  • Year Built: N/A
  • Property Type: Retail
  • Property Type: Commercial
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
07/26/2024 X9229472 $4,100,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Minto
  • $815,152 Average List Price
    based on 1 year
  • 32 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 92.55 % Up
  • Sold (12mo) 29
  • Rented (12mo) 1

  • 1 Month Change -2.7%
  • 3 Month Change -1.7%
  • 6 Month Change +10.5%
Walkscore
Property Type Distribution
  • All Houses
    80.24%
  • All Houses/Commercial
    0.13%
  • Commercial
    17.15%
  • Condo
    1.05%
  • Land for Sale
    1.44%
Additional Details
  • Heat Source Electric
  • Heating System Forced Air
  • Water Municipal Water
  • Cooling System Fully Air Conditioned
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 26/07/2024 00:00:00
  • Zoning A2 & Ep
  • Agent Name: GURMIT SINGH
  • Last Updated: 09/10/2024 16:29:07
Open House Dates
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