Description
Robust income-generating property at the main intersection of Harriston. This exceptional property presents a diversified portfolio with seven distinct revenue streams, making it an ideal acquisition for savvy investors. The property currently features five fully rented residential units, (2 units remodeled in 2025). All with tenants in good standing, ensuring immediate and consistent rental income of over $90,000+ annually. Complementing these is a 550 sq ft commercial space, ready for your business or a new tenant. $150,000+ in recent upgrades; upgraded kitchens, baths, plumbing, insulation and electrical; excellent quality and condition. Offering decking, fencing, and balcony; mature trees; and steel roof, underscore the quality, value, and low maintenance of this investment. Tenant parking is conveniently available at the rear of the building, with additional curbside parking along the south side street. The property also benefits from ongoing revenue generated by advertising signage on the building. Additionally, the basement offers significant potential for extra storage space and tenant laundry facility. With the potential to generate $100,000 in annual income, this property is a strategic acquisition in a high-traffic location with frontage to Hwy 9 and Hwy 89.
Location Description
Hwy 9 (Elora St N ) and Hwy 89 (Arthur St E)
Property Details
- Community: Minto
- Property Type: Tenant/Residential Freehold
- Bedrooms: 10
- Bath: 6
- Garages: None
- Annual Property Taxes : $ 7140
Building Features
- Foundation Type: Stone
- Counstruction Material : Brick-Board & Batten
- Total Parking Space : 6
- Parking Type : None
Features
- Heating : OtherGas
- Sewer : Sewer ,
Listing Contracted With: Wilfred McIntee & Co Limited
