Address
3241 Highway 17B, Echo Bay, ON
Price
$ 399,000
Property Attributes
  • ID#SM232806
  • TypeMulti-Family
  • CityEcho Bay
  • NeighbourhoodEcho Bay
  • Postal CodeP0S 1C0
  • StyleFood store, Residential
  • Price$ 399,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2500
Data Source:
Canadian Real Estate Association (CREA)
Property Description

Mixed-use opportunity! One of very few commercial and multi-family properties in Echo Bay. This mixed-use building sits on a large lot with both commercial and residential zoning. The main floor features commercial space currently set up as a take-out restaurant with high end equipment included for new owner or tenant to run a successful take-out business or change the type of business and take advantage of the property’s valuable exposure on Highway 17B next to Pit Stop Gas Bar. The second half of the main level has undergone complete renovations in 2022 converting the previous restaurant space into a stunning open concept one bedroom apartment boasting a beautiful bathroom, gas fireplace, kitchen island and private deck. This is the perfect space for an owner to occupy and run their business next door while still earning rental income from other components of the property. Alternatively, given its’ size, finishes and executive feel, the main level apartment could be rented for a premium. Upstairs you’ll find another one bedroom apartment that has undergone complete renovations in 2019 and also includes its own private deck. The 24’ x 36’ heated detached garage built in 2020 presents another income stream as simple as storage units or allow another commercial tenant to build it out and take advantage of the limited commercial properties in Echo Bay and the demand for more amenities in the area! Other updates include newer windows and air conditioning/furnace (5 years old) and all new electrical and plumbing (2022). View the property for yourself to see the various income opportunities and potential. Call your REALTOR® today for further information including current income and expenses. (id:7434)

General Features

Features Corner Site,Wheelchair access
Property Type Multi-family
CommunityName Echo Bay
Building Age over 26 years
Building Amenities Living Accommodation,Storefront,Street Lighting
Business Type Retail and Wholesale,Residential
Business Sub Type Food store,Residential

Interior Features

Building Fireplace Present False
Building Heating Type Forced air
Building Heating Fuel Natural gas
Basement Type Full
Construction Material Concrete block

Exterior Features

Sewer Municipal sewage system
Exterior Finish Siding

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in P0S 1C0

Price
AVG $400K
$400K
Visits
AVG 108
123
Data Provided by Inside Real Estate®

Areas We Cover