Turnkey Mixed Use Investment Opportunity in Downtown RipleyExcellent investment opportunity offering an impressive 10.2% cap rate in the heart of downtown Ripley. This fully tenanted mixed use property features two residential apartments plus a ground level commercial retail space, providing immediate and diversified rental income from day one.Well maintained and ideally positioned in the village core, this property offers strong income potential with minimal management required. With all three units currently occupied, investors can step into an established income producing property without the work of securing tenants.A great addition to an investment portfolio, combining residential and commercial income in a convenient downtown location close to local shops, services and community amenities. Turnkey, fully occupied and generating income from day one. (id:13843)
| MLS # | X13746678 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 59 |
| Listing Provided By | Royal LePage Exchange Realty Co. | KEITH BATTLER |
| SQ Feet | 1,262 |
|---|---|
| Zoning | commercial |
| Cooling | None |
|---|---|
| Heating | Baseboard heaters |
| Fireplace Yes / No | No |
| Water Source | Municipal water |
|---|
| Tax Annual Amount | 1576 |
|---|---|
| Tax Year | 2025 |
| Province | ON |
|---|---|
| City | Huron-Kinloss |
| Postal Code | N0G2R0 |
| Listing VS Median (in N0G2R0) | |
Price: $299,000 low | high Med: $494,900 sqft: 1,262 low | high Med: 1,200 $ / sqft: $237 low | high Med: $412 On site: 59 low | high Med: 2 | |
| Province | ON |
|---|---|
| City | Huron-Kinloss |
| Postal Code | N0G2R0 |
| Listing VS Median (in N0G2R0) | |
Price: $299,000 low | high Med: $494,900 sqft: 1,262 low | high Med: 1,200 $ / sqft: $237 low | high Med: $412 On site: 59 low | high Med: 2 | |