Space
Finished area and layout
- Building Area
- 2,874 sqft
+52 more
2,874 sqft
Building Area
26.21 x 177.03 ft
Lot
Property Snapshot
Key details for this listing
Property
Type, style and structure
- Type
- commercial
- Style
- investment / Mixed Use
Lot
Land, frontage and setting
- Lot
- 26.21 x 177.03 ft
- Frontage
- 26.21 ft
About This Property
This investment in Cornwall offers 2,874 sqft of building area on a 26.21 x 177.03 ft lot. The property has cross street Pitt & 3rd Street, zoned CBD. The home features no.
MLS Remarks
Buy a paycheck, not a project. Welcome to 272 Pitt Street, a fully renovated mixed-usecornerstone asset offering exceptional cash flow with a proven Net Operating Income (NOI) of$104,040 and an impressive 7.7% cap rate. For investors seeking strong, stable returns, this property offers the potential to generate significant annual income from day one.This turnkey investment features six income-producing units comprised of four residential apartments and two established commercial units, providing a diversified and resilient revenue stream. More than $450,000 in capital improvements have been invested, leaving virtually no deferred maintenance for the next owner.Extensive upgrades include new electrical panels with separate metering, all-new PEX plumbing, brand-new hot water tanks, and a 100% electric heating system, eliminating landlord gas expenses. Every residential unit has been tastefully modernized with luxury vinyl plank flooring, LED lighting, contemporary kitchens with quartz countertops and stainless steel appliances, and beautifully renovated bathrooms.Whether you're looking to strengthen your portfolio or secure a high-performing asset with immediate income potential, 272 Pitt Street delivers the kind of predictable cash flow investors rarely find in today's market. Vendor Take-Back (VTB) financing may be available to qualified purchasers, subject to terms and negotiations. Complete financial statements are available upon request.
Inclusions
4 fridges and stoves, 2 washer and dryers
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