212-224 St Lawrence Street Merrickville-Wolford, Ontario K0G 1N0

$1,098,000

Exceptional opportunity to own a turnkey commercial/residential building in the quaint and highly sought-after village of Merrickville. Grossing over $100,000 annually, this extensively renovated and exceptionally well-maintained mixed-use property offers approximately 3,557 sq ft of versatile space on a premier main street location with outstanding exposure to both vehicle and pedestrian traffic. The building features 3 main-floor commercial units, all occupied by established long-term tenants, providing stable and reliable income. These units benefit from excellent street frontage, strong visibility, and consistent foot traffic driven by both local residents and seasonal tourism. Upstairs, the property includes 2 residential apartments consisting of one spacious 2-bedroom unit and one well-appointed 1-bedroom unit. All tenants are separately metered and responsible for their own utilities, contributing to efficient operating costs and simplified management. The property has been carefully maintained over the years with extensive updates throughout, offering peace of mind for any investor seeking a low-maintenance, income-producing asset. An unfinished loft area provides additional value-add potential, with the opportunity to convert into an additional residential apartment, subject to municipal approvals, further increasing revenue potential. Zoned C1 (General Commercial), the property allows for a wide range of permitted uses, enhancing both flexibility and long-term investment security. Ideally located within walking distance to local shops, restaurants, services, and the scenic waterfront, the property also benefits from exceptional tourist exposure in one of Eastern Ontario's most visited and charming destinations along the Rideau River. Consistently fully leased with a strong history of occupancy and performance, this is a rare opportunity to acquire a solid, income-generating asset in a high-demand location. (id:44758)

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https://www.realtor.ca/real-estate/29834448/212-224-st-lawrence-street-merrickville-wolford-804-merrickville