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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 717 - Cornwall
MLS Listing ID X13591008
Annual Tax Amount $10,901
Tax Year 2025
Property Sub-Type Investment
Property Description
Buy a paycheck, not a project. Welcome to 272 Pitt Street, a fully renovated mixed-usecornerstone asset offering exceptional cash flow with a proven Net Operating Income (NOI) of$104,040 and an impressive 7.7% cap rate. For investors seeking strong, stable returns, this property offers the potential to generate significant annual income from day one.This turnkey investment features six income-producing units comprised of four residential apartments and two established commercial units, providing a diversified and resilient revenue stream. More than $450,000 in capital improvements have been invested, leaving virtually no deferred maintenance for the next owner.Extensive upgrades include new electrical panels with separate metering, all-new PEX plumbing, brand-new hot water tanks, and a 100% electric heating system, eliminating landlord gas expenses. Every residential unit has been tastefully modernized with luxury vinyl plank flooring, LED lighting, contemporary kitchens with quartz countertops and stainless steel appliances, and beautifully renovated bathrooms.Whether you're looking to strengthen your portfolio or secure a high-performing asset with immediate income potential, 272 Pitt Street delivers the kind of predictable cash flow investors rarely find in today's market. Vendor Take-Back (VTB) financing may be available to qualified purchasers, subject to terms and negotiations. Complete financial statements are available upon request.
Location
Province ON
County Stormont, Dundas And Glengarry
Area Stormont, Dundas And Glengarry
Zoning CBD
Interior
Cooling No
Inclusions 4 fridges and stoves, 2 washer and dryers
Exterior
Utilities Available Yes
Lot Frontage 26.21
Lot Depth 177.03
Others
ParcelsYN No
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Listed by Valery Real Estate Inc.
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