Introducing Orchard House – an iconic 13,000 sq ft mixed-use commercial building situated on a half-acre of underutilized land, offering ample parking and extra yard/land space. This versatile, well maintained and upgraded property encompasses six apartments, an event hall with amenities and a large commercial rental space on the second floor currently leased by a successful Dance School. The well-maintained apartments offer a mix of 4 1-bedroom 1-bath units and 2 studios, all currently occupied with tenants under market rents. The main entrance to the building has a spacious vestibule, complemented by commercial washrooms and additional storage rooms. The Event Hall features a commercial kitchen, a fully equipped music/theater stage, along with designated office and storage spaces. Accommodating up to 160 people. The second floor, spanning approx 4,000 sq. ft. has been configured into 5 areas to accommodate the current tenant. This is a fantastic investment opportunity with a good income stream and is priced equivalent to its land value offering many options for future growth and potential expansion (id:42341)
MLS® Number | 10310093 |
Property Type | Other |
Neigbourhood | Main North |
ParkingSpaceTotal | 20 |
HeatingType | Forced Air, Heat Pump, See Remarks |
RoofMaterial | Tar & Gravel,other |
RoofStyle | Unknown,unknown |
Type | Residential Commercial Mix |
UtilityWater | Municipal Water |
Acreage | No |
CurrentUse | Mixed Use |
Sewer | Municipal Sewage System |
SizeIrregular | 0.5 |
SizeTotal | 0.5 Ac|under 1 Acre |
SizeTotalText | 0.5 Ac|under 1 Acre |
ZoningType | Unknown |