Commercial – 188-192 RAGLAN Street, Renfrew, ON
$599,900 CAD
Property Description
**Interior photos to come soon – email me to be notified** Want to open a Cafe or Men’s clothing store OR be an investor? AN OWNER-OCCUPIER’S DELIGHT or INVESTORS CASH COW in the growing town of Renfrew. Only 45 min from Ottawa, this Exceptional mixed-use investment opportunity with immediate cash flow and significant value-add potential. All Roofs replaced 2024 plus updates equal $100,000 over last 2 years. Featuring one leased long-term tenant retail storefront ($2500+hydro), another vacant 1000 sqft storefront retail, PLUS a 2,500+ sq. ft. second-floor office space (currently vacant). Potential Income & Expenses: Gross Income: $84,000/year ($2,000/month for office x 2 retail units at $2500/month) Expenses: Approx. $17,804/year (projected to decrease) Potential NOI: $62,196/year. The upper-level approx 2,000 sq. ft. office presents major upside. Add value and resell, or hold for strong long-term cash flow. Priced at just over $100 per sq. ft., this is a rare opportunity to acquire a cash-flowing asset with substantial upside. AN ADDED BONUS: owner-occupiers can operate their business upstairs while off-setting costs with income from the leased retail units – potentially running at low to no overhead. Cash flow today. Increase value tomorrow. 24 hours’ notice required for showings to see whole building. Book your viewing today. PUBLIC PARKING IN FRONT.
Property Details
Type
Commercial
All Photos
Location
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Lease Cost Summary
Estimated occupancy costs based on the listed rate.
Listed Rate
$599,900 / mo
Monthly Cost
$599,900
Annual Cost
$7,198,800
* TMI (taxes, maintenance, insurance) and utilities may be additional. Talk to Maneesh for full lease terms.
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