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$1,100,000
Est. payment /mo
4,148 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 4,148 sqft
Price per Sqft $265
MLS Listing ID 40868723
Abv Grd Liv Area 4,148
Annual Tax Amount $3,384
Property Sub-Type Building and Land
Source Cornerstone
Property Description
A landmark 1888 building and a rare opportunity to own a stable, cash-flowing mixed-use property in the heart of Brussels. Featuring six generously sized residential apartments and two commercial spaces, this well-established income property offers approximately $158,940 in potential gross annual income, with additional upside through furnished and hospitality-style accommodations. You could choose to live in one unit with a substantial offset to your mortgage and ownership costs through the building's rental income; possibly living for free! Numerous capital improvements have been completed, including front facade brick repointing, window caulking and new flashing (2026); updated windows in one apartment (2026); new kitchens in two apartments (2024); new eavestroughs (2024); improvements to the rear building (2024); foundation support beam and repairs (2024); basement lighting (2023); and washer/dryer installation (2023). A few apartments are furnished and could be included in the sale. A truly unique property combining historic character, diversified income, recent improvements and long-term flexibility. Continue with traditional tenants, incorporate furnished accommodations, or create a combination that works for your investment strategy—an established income-producing property with multiple opportunities to build long-term value.
Location
Province ON
County Huron
Area Morris Turnberry
Zoning C4
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 48.0
Lot Depth 132.0
Garage No
Building
Lot Description City Lot
Story 2
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
New Construction No
Others
Senior Community false
Tax ID 413390166
Ownership Freehold/None
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Listed by KEMPSTON & WERTH REALTY LTD.
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Doug Folsetter
Sales Representative License ID: 4729737
Sales Representative License ID: 4729737