424 THIRD Street W , Cochrane

3 Bed / 3 Bath / $829,000 / MLS® Listing #:A1208888

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Commercial Investor opportunity. Currently fully rented and occupied with tenants wanting to stay. Zoned Commercial Historic Downtown District this makes a great opportunity for a buyer to own your place of business instead of paying rent to a landlord. This property consists of 2 lots with a total size of approx 90 by 130 ft. Can be used as a current rental property, or Unique shops, boutiques, Home Enterprises, Professional Offices, Tourist attractions, etc. Discretionary uses include bed and breakfast, eating establishments, personal service shops, rental stores, repair and service shops, etc. This is a really cool house with a large wrap-around veranda on 2 sides, an open concept kitchen and living room, and primary bedroom on the main level, 2 more bedrooms up and living space, or convert back to a 4 bedroom home. Fully finished basement. Large, oversized, double detached garage, closed-in carport, and separate apartment (illegal) suite behind the garage. Bring your business and ideas. The second lot will solve most parking issues. The property is already generating a cash flow of $1,725/month. Plus the owner would be willing to rent back the space they are using which would bring the income well over $3000 per month. Call for more details.

Property Details

Property Type Detached Single Family
Property Style 2 Storey
Square Feet 1553.00
Days On Our Website 72
Basement Fully Finished,Full
Full Baths 3
Half Baths 0
Flooring Carpet,Ceramic Tile,Hardwood
Air Conditioning None
Heating Forced Air,Natural GasForced Air,Natural Gas
Exterior Stucco,Wood Frame
Roof Type Asphalt Shingle
Foundation Concrete
Garage Type Carport,Double Garage Detached
Water Municipal

Listing Office: ROYAL LEPAGE BENCHMARK

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