$268,000

Excellent investment opportunity with strong income potential! This well-maintained commercial building, formerly home to The Pink Parasol Tea Room, is in great condition and offers numerous upgrades throughout. The main floor features a bright, inviting commercial space complete with a kitchenette, built-in seating, and a fully accessible washroom. A full basement provides additional space for storage or office use, along with a second washroom. Security alarm and camera system equipment are included. The upper-level commercial space is currently tenanted with a signed 2-year lease beginning November 2025. Two residential units are also in place on month-to-month tenancies, and main floor has a 2 year lease starting June 2026, offering immediate income with future flexibility. Extensive updates include a new roof (2024), renovated apartments (2019), kitchenette addition (2024), updated LED lighting (January 2021), and new flooring and ceiling throughout the main floor (January 2021). A recently added rear staircase and four dedicated parking spaces further enhance accessibility and functionality. A turnkey, income-generating property with solid returns and quality updates throughout, ideal for investors or owner-operators. (id:64343)

Property Details

MLS® Number	TB2600651
Property Type	Multi-family
Community Name	Fort Frances
Communication Type	High Speed Internet
Community Features	Bus Route
Structure	Workshop

Building

Amenities	Storefront, Street Lighting
Exterior Finish	Concrete Block
Foundation Type	Poured Concrete
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	4,596 Ft2
Utility Water	Municipal Water

Parking

Other
Rear
Parking Space(s)	4

Land

Access Type	Road Access
Acreage	No
Sewer	Municipal Sewage System
Size Frontage	25.2900
Size Total Text	Under 1/2 Acre

Utilities

Cable	Available
Electricity	Available
Natural Gas	Available
Telephone	Available

https://www.realtor.ca/real-estate/29576101/256-258-scott-st-fort-frances-fort-frances