157 MAIN STREET N, Wellington North (Mount Forest), Ontario, N0G2L2

Property Description

Excellent investment opportunity in the heart of downtown Mount Forest. This well-maintained and nicely updated mixed-use property offers strong current income with significant upside potential. The building includes two main-floor retail commercial units in a high-visibility downtown location, along with seven residential apartments consisting of four one-bedroom units, two two-bedroom units, and one studio apartment. The property benefits from plenty of on-site parking, and two additional storage buildings on the site provide excellent potential for further development, expansion, or additional revenue streams. With opportunities to improve operating efficiencies and increase rental income over time, this property represents a solid value-add investment. Ideal for investors seeking a stable return with long-term growth potential in a prime downtown setting. (id:64974)

Quick Facts

• Property Type: Retail
• Bedrooms: None
• Bathrooms: None
• Living Area: 14,424 sq ft (1,340.0 m²)
• Parking: 15 spaces
• Frontage: 60 ft (18.3 m)

Costs

• Annual Taxes: $7,983.28 (2026)

Listing Provided by: Keller Williams Home Group Realty
Board: OnePoint Association of REALTORS®
Data provided via CREA DDF®.