Window Air Conditioner
$875,000
Well-positioned mixed-use investment property offering current income with exceptional development potential. Located in Windsor, one of the Annapolis Valleys fastest-growing communities. The main floor features two established commercial/retail units (approx. 3,000 sq ft), both currently occupied. A large front display window enhances visibility and street presence, making the retail/office space well-suited for a wide range of businesses. Unit 1 has a large open office/reception area, a washroom, 3 offices (one currently being used for storage, and a 4th large boardroom/office area. Unit 2 has a spacious reception area, two office spaces, and a washroom. Also on the main level, Unit 3 is a previously rented, currently undeveloped commercial/warehouse area with direct access from Stannus Street. This space includes multiple rooms and a kitchen area and offers excellent development potential. The second floor offers two, 2-bedroom residential apartments, with tenants responsible for their own heat/electricity. The entire third floor, approximately 2,000 square feet, remains undeveloped and presents a rare opportunity for expansion, such as additional residential units, subject to buyers plans and approvals. This property includes two PIDs, with the second PID comprising a parking lot accessible from Stannus Street, a valuable asset for both commercial and residential tenants. Situated in the center of town, with excellent exposure, this property is well-suited for investors seeking a combination of stable income, value-add potential, and long-term growth in a thriving Annapolis Valley community. (id:45785)
Business
|
Business Type
|
Other, Residential |
|
Business Sub Type
|
Offices, Residential |
Property Details
|
MLS® Number
|
202602489 |
|
Property Type
|
Retail |
|
Community Name
|
Windsor |
|
Amenities Near By
|
Public Transit, Shopping |
|
Community Features
|
High Traffic Area |
Building
|
Amenities
|
Living Accommodation |
|
Constructed Date
|
1926 |
|
Construction Material
|
Concrete Block, Masonry, Concrete Walls |
|
Cooling Type
|
Window Air Conditioner |
|
Flooring Type
|
Concrete |
|
Total Finished Area
|
9522 Sqft |
|
Utility Water
|
Municipal Water |
Parking
|
Parking Space(s)
|
|
|
Paved Yard
|
|
Land
|
Acreage
|
No |
|
Land Amenities
|
Public Transit, Shopping |
|
Size Irregular
|
0.194 |
|
Size Total
|
0.194 Ac |
|
Size Total Text
|
0.194 Ac |
https://www.realtor.ca/real-estate/29343849/52-62-gerrish-street-windsor-windsor