188-192 Raglan Street S Renfrew, Ontario K7V 1R1

$599,900

**Interior photos to come soon - email me to be notified** 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 2023. Featuring one leased long-term tenant retail storefront ($2500+hydro), another vacant 1250 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 2,500+ 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. (id:55625)

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https://www.realtor.ca/real-estate/29404242/188-192-raglan-street-s-renfrew-540-renfrew