$2,459,900
Fully Air Conditioned
Forced Air
Exceptional 6% CAP mixed-use investment opportunity at 189-193 High Street in the heart of Southampton. Offered together as one package, these two extensively rebuilt and renovated buildings feature high-end finishes and a desirable mix of commercial and residential units, all fully leased with quality tenants in place, delivering immediate income and long-term investment stability. Located just steps from Southampton Beach and approximately 20 minutes from Bruce Power, the property benefits from strong demand in one of Ontario's most sought-after lakeside communities.At 189 High Street, the main level offers a well-positioned commercial space with two updated residential apartments above. 193 High Street includes a prominent commercial unit, a main-floor residential suite, and two additional residential units on the upper level. The residential mix offers versatile layouts including two-bedroom units, one-bedroom suites, and a one-bedroom plus den, appealing to a wide range of professional and long-term tenants.Each unit has been thoughtfully modernized with premium finishes, creating attractive, turn-key spaces that continue to draw stable, high-quality tenants. Dedicated parking for tenants further enhances convenience and long-term tenant retention.With excellent main street visibility, strong tenant demand, and proximity to beaches, restaurants, and shops, this property represents a rare opportunity to acquire a fully stabilized, like-new income-producing asset delivering a 6% return in a premier waterfront community.Rent roll, financials, and additional photos are available upon request.Additional Opportunity: 174 High Street is also available for purchase, creating the potential to assemble a *larger portfolio of prime mixed-use real estate along Southampton's main commercial strip. (id:36109)
Property Details
|
MLS® Number
|
X12863194 |
|
Property Type
|
Industrial |
|
Community Name
|
Saugeen Shores |
Building
|
Cooling Type
|
Fully Air Conditioned |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Size Exterior
|
6353 Sqft |
|
Size Interior
|
6,353 Ft2 |
|
Type
|
Multi-tenant Industrial |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Size Depth
|
100 Ft |
|
Size Frontage
|
25 Ft |
|
Size Irregular
|
Bldg=25 X 100 Ft |
|
Size Total Text
|
Bldg=25 X 100 Ft |
|
Zoning Description
|
C1-a |