Homes for sale - 8 Highway No 20, Fonthill, ON L0S 1E6

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Doug Folsetter

doug@folsetter.com +1(905) 515-5494

Listed by Henk Vanden Beukel • Royal LePage NRC Realty

$1,499,000

Est. payment - /mo

3,553 SqFt

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UPDATED:

12/04/2024 04:00 PM

Key Details

Property Type Commercial

Sub Type Mixed,Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 3,553 sqft

Price per Sqft $421

MLS Listing ID 40682963

Abv Grd Liv Area 3,553

Originating Board Hamilton - Burlington

Annual Tax Amount $6,615

Property Description

This beautifully restored two-story building in the heart of Fonthill's vibrant and thriving town centre offers a rare opportunity to own a fully turn-key, fully leased property in a high-traffic location. With 3,331 ft² of meticulously engineered and redesigned space, this property seamlessly blends modern upgrades with historic charm, making it a standout asset for investors or owner-occupiers. The main floor features a versatile commercial/retail space with exposed original wood beams, providing character and charm, while offering high visibility on a bustling street—perfect for retail, office, service or medical uses. The second floor houses three fully rebuilt and renovated residential units, all designed to meet modern building codes. These units include two spacious two-bedroom apartments and one cozy one-bedroom apartment, each boasting high-quality finishes and updated systems, making them move-in ready. The building is fully leased, generating excellent cash flow and a healthy cap rate, ensuring strong and consistent rental income. This property is perfect for investors seeking stable returns or business owners looking for a live-work option. Situated on a vibrant, high-traffic street with excellent exposure, this turn-key building offers endless possibilities. Whether you’re moving in your business while benefiting from residential tenant income or adding this gem to your investment portfolio, this is an opportunity you won't want to miss out on.

Location

Province ON

County Niagara

Area Pelham

Zoning Main Street

Direction From 406, west on Highway 20. Property is on the left, just past Pelham St. From Regional Rd 24, east on Highway 20, past Haist & Church Hill. Property is on the right, just before Pelham St.

Rooms

Basement Partial

Kitchen 0

Interior

Interior Features High Speed Internet

Fireplace No

Exterior

Parking Features Gravel, Public

Utilities Available Electricity Connected, Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected

Street Surface Paved

Lot Frontage 65.0

Lot Depth 170.19

Garage No

Building

Lot Description Ample Parking, City Lot, High Traffic Area, Visual Exposure

Faces From 406, west on Highway 20. Property is on the left, just past Pelham St. From Regional Rd 24, east on Highway 20, past Haist & Church Hill. Property is on the right, just before Pelham St.

Story 2

Foundation Block, Stone

Sewer Sewer (Municipal)

Water Municipal

Structure Type Stucco,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 640660048

Ownership Freehold/None

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Doug Folsetter

+1(905) 515-5494

Sales Representative | License ID: 4729737

Sales Representative License ID: 4729737

8 Highway No 20 Fonthill, ON L0S 1E6

Doug Folsetter

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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8 Highway No 20