Last Sold Price
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Overview
Key Facts
Type
Levels Commercial Sale
Size 3477 sqft
Garage
Taxes $3,568
Days Active 19
Lot Size 3477 Acres
Approx. Age
Avg. Price Per Sqft $143
MLS® Number X13557420
Property Address: 350 St Philippe St, Alfred, ON, K0B1A0
Average square foot calculated using Size range provided by listing agent.
Description
**ATTENTION INVESTORS!** Here's an excellent opportunity to add a mixed-use income property to your real estate portfolio in the heart of Alfred, Ontario. Ideally located along Highway 17, this property offers excellent exposure, multiple income streams, and strong investment potential in a growing community conveniently situated between Ottawa and Montreal. The property features one established commercial unit occupied by Milano Pizza, along with three residential apartments, including two 2-bedroom units and one bachelor apartment. The commercial tenant has recently renewed their lease for an additional four years under a triple net lease, providing stable long-term income while minimizing the owner's operating expenses. The residential component offers an attractive opportunity to increase cash flow. One fully renovated 2-bedroom apartment is currently vacant, allowing the new owner to establish market rent immediately. The remaining apartments are occupied by long-term tenants, providing consistent rental income with future growth potential. Current monthly rental income includes the commercial unit at $2, 028 + HST under a triple net lease, one occupied 2-bedroom apartment at $856/month plus heat and hydro, and a bachelor apartment at $497/month with hydro included. The renovated vacant 2-bedroom unit offers an estimated rental potential of approximately $1, 300/month plus heat and hydro, creating immediate upside for the next owner. Whether you're an experienced investor or looking to add a versatile mixed-use property to your portfolio, this building offers the security of a long-term commercial tenant, multiple residential income streams, and the opportunity to increase revenue through the vacant renovated apartment. A great investment opportunity in a central Alfred location. (id:58753)Show Description
MLS® NumberX13557420
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
HeatBaseboard heaters, Forced air, Natural gas
A/CFully air conditioned
Extras
Price History
Appreciation
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Avg. Days Listed
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Today, For Sale for $499,900
For Sale · 35 days
$499,900
MLS® X13557420
A month ago
Not Sold Yet
July 2026, For Sale for $499,900
For Sale · 35 days
$499,900
MLS® X13557420
A month ago
Not Sold Yet
July 2025, Withdrawn for $449,000
Withdrawn · 121 days
$449,000
MLS® X12014357
A year ago
Canceled on Jul 12, 2025
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