24 RENFREW AVENUE W, Renfrew

About this property

An exceptional opportunity to acquire a substantially renovated, income-producing commercial and residential property in the heart of Renfrew. Offering approximately 10,000 sqft, this prominent property combines established rental income, excellent commercial exposure, with additional revenue potential. The main floor features a commercial space occupied by a Muay Thai gym, with five residential apartments on the second floor, consisting of three 2-bedroom units, one 1-bedroom unit, and one bachelor unit. An additional attached 2-bedroom apartment brings the total to six residential units. The basement provides another commercial rental space currently occupied by a canoe-making business. Extensively renovated in 2021/2022, the property has undergone significant improvements, including major mechanical, electrical, and plumbing upgrades, offering investors the benefit of substantial capital improvements. Additional features include rear parking, a garage with an overhead door, and a vacant rear unit presenting potential for additional rental income or alternative uses, subject to municipal approvals. Situated in downtown Renfrew! The property benefits from excellent street visibility, convenient access to local businesses, services, and amenities. With six residential apartments, 1 commercial rental space, diversified income streams, and opportunities for future revenue growth, this property represents an outstanding investment opportunity in Renfrew! (id:66811)

Rent roll (estimated)