Lot
Freehold
Heating
Baseboard heaters, Heat Pump Electric
TURN-KEY COMMERCIAL INVESTMENT | PRIME LOCATION | 3 ELECTRICAL METERS | MULTIPLE INCOME STREAMS. Great investment opportunities are hard to find this one is worth a closer look! Located on busy Coverdale Road in the heart of Riverview, this exceptional property offers excellent visibility and convenient access, next to a gas station, TD Bank, apartment buildings, and the Town of Riverview, and just minutes from the Honourable Brenda Robertson Bridge. The ground floor features two restaurant businesses: a pizza restaurant and an eat-in/take-out restaurant, with potential for a drive-through at one location, subject to municipal approval. With three separate electrical meters, utility management and tenant billing are made easier. One long-term commercial tenant covers major expenses, including property taxes, insurance, and utilities, helping reduce the owner's operating costs. Upstairs, a spacious 3-bedroom apartment with two separate entrances is currently rented for $1,750/month, providing additional rental income. The high-ceiling basement is currently used for storage, offering room to explore future possibilities, subject to applicable approvals. With established commercial tenancy, residential rental income, and a prime location surrounded by businesses and residential developments, this property offers an attractive opportunity for investors looking to expand their portfolios. Interested in the numbers? (id:374)
