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$ 1,250,000
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Active
157 Main ST N Wellington North, ON N0G 2L2
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision Mount Forest
MLS Listing ID X12766598
Annual Tax Amount $7,983
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Excellent investment opportunity in the heart of downtown Mount Forest. This well-maintained and nicely updated mixed-use property offers strong current income with significant upside potential. The building includes two main-floor retail commercial units in a high-visibility downtown location, along with seven residential apartments consisting of four one-bedroom units, two two-bedroom units, and one studio apartment. The property benefits from plenty of on-site parking, and two additional storage buildings on the site provide excellent potential for further development, expansion, or additional revenue streams. With opportunities to improve operating efficiencies and increase rental income over time, this property represents a solid value-add investment. Ideal for investors seeking a stable return with long-term growth potential in a prime downtown setting.
Location
Province ON
County Wellington
Area Wellington
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 60.0
Lot Depth 238.0
Building
Building Age 100+
Others
Security Features No
ParcelsYN No
Listed by Keller Williams Home Group Realty
Nearby Locations