Unlimited Opportunities: Investment Property Overview - The Opportunity-This is an investment with limitless potential-operate a restaurant, repurpose for professional offices, or maintain a hybrid use that maximizes all available revenue channels. This unique multi-use property presents exceptional potential for both investors and entrepreneurs. Featuring three income-generating apartment rentals, a versatile commercial restaurant or office space, and ample on-site parking, this property offers multiple revenue streams and outstanding flexibility. Once home to professional offices before becoming a restaurant, the space can easily be adapted to suit a variety of business models. Key Features-Apartment Rentals. Three separate residential units, each with well-designed layouts. Strong potential for steady income from long-term tenants or short-term leases (currently $3150.00 per month). Opportunity to renovate or modernize for increased rental value. Restaurant or Office Space-commercial space currently configured as a restaurant. Offers both indoor dining and a large outdoor patio. Can be reconverted to office space or adapted for other commercial uses. Ample on-site parking for tenants, customers, and employees. A convenient layout ensures accessibility and a positive visitor experience. Diverse Income Streams-Income potential from apartment rentals, restaurant operations, and parking (if monetized). A balanced portfolio opportunity for investors seeking stability and growth. The commercial portion supports multiple service models: full-service dining, takeout, catering, or office conversion. Well-designed layout with several distinct dining areas: Sunroom: seats up to 29 guests, perfect for casual meals or private gatherings. Heritage Dining Room: Warm, classic ambiance with seating for 45 guests, ideal for fine dining or special events. Patio: Expansive outdoor area accommodating 73 guests. . Capitalize dynamic on high-visibility location. (id:4069)
Address
64 KING STREET E
List Price
$609,900
Property Type
Multi-family
Type of Dwelling
Multi-Family
Transaction Type
Sale
Area
Ontario
Sub-Area
Brockville
Bathrooms
3
Lot Size
57.01 x 143.64 FT Sq. Ft.
Lot Depth
143 ft ,7 in
Frontage Length
57 ft
MLS® Number
X13629092
Listing Brokerage
RE/MAX HOMETOWN REALTY INC
Postal Code
K6V1B3
Zoning
Commercial
Site Influences
Highway, Public Transit
Features
Irregular lot size
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
None
Water Source
Municipal water
