




This 4-bedroom, 3-bathroom retail in Newglasgo offers a 0.138 ac lot. 2 storeys. The property has lot dimensions of 0.1377. The home features other flooring.
Nestled in the heart of our vibrant neighbourhood lies a unique investment opportunity: a historic mixed-use building that once hosted a beloved family-run pizza shop, Alice's Pizza, on its ground floor, with residential quarters above. If you delve a little deeper into the building's history, you'll discover it once housed a confectionery as well. The property sits proudly on the corner of a spacious lot, originally a residential dwelling, has evolved into a versatile mixed-use space, now awaiting a visionarys touch to unlock its full potential. The building has already received significant upgrades, including a new foundation and basement, ensuring a solid base for any further enhancements. The spacious ground floor, once a bustling hub for pizza enthusiasts, alongside the living accommodations above, offer an adaptable layout ripe for transformation. With its generous dimensions, the property holds tons of potential for conversion into multiple rental units or a combination of commercial and residential spaces. Situated in a prime location with high foot traffic, it offers great visibility and accessibility, making it an attractive proposition for businesses and residents alike. This property is not just a building; its a piece of community history, offering a rare blend of historical charm and modern potential. Whether the vision is to restore it to a commercial hotspot, convert it into rental units, or a mix of both, this building represents a significant investment opportunity. Its rich heritage and location, coupled with its versatility and solid structure, make it an ideal choice for investors, developers, and entrepreneurs looking to make a mark in the community. Come see it today and make your vision a reality! (id:60351)
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Listed by Robert Burrows, Turning Point Real Estate Limited
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Listing represented by Robert Burrows, Turning Point Real Estate Limited · MLS# 202524261
For illustration purposes only. Consult a mortgage professional for accurate rates.
Disclaimer: The mortgage estimates and monthly cost calculations shown above are for illustrative purposes only and should not be relied upon as financial advice. Actual mortgage rates, terms, and eligibility depend on your personal financial situation, credit history, and current market conditions. Please consult a licensed mortgage broker, financial advisor, or your bank to determine your actual affordability and mortgage costs before making any purchasing decisions.
Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.