FAUQUIER - 27 GRZELA ROAD, Kapuskasing, Ontario, P0L1G0

Property Description

What an incredible opportunity to own a versatile property packed with potential in the heart of the community! This building offers a total of 2,520 sq. ft., 1,260 sq. ft. per floor (30x42), and sits on a generous 150 x 200 lot. Whether you're looking for a mixed-use investment, a commercial venture, or a multi-residential conversion, this property is ready to deliver. The second level features a spacious, fully renovated apartment (2017-2018) with soaring ceilings, two large bedrooms, a dedicated laundry room, and a modern layout that feels both open and bright. Its currently occupied by a tenant, providing immediate rental income. Access to the apartment is made easy with a stunning deck, built in 2017, that also serves as an additional exterior entrance. The main level, once used as a medical centre, includes three offices, a conference room, a kitchen, and 1.5 bathrooms plus three separate exterior access points, including a ramp for added accessibility. This space could continue as a commercial hub or be converted into residential units, depending on your vision. The basement is home to a sewing room used by municipal residents, along with utility and storage areas. Additional value is found in the detached 14x22 garage for extra storage. Please note: the blue shed belongs to the upstairs tenant and is not included. This property offers plenty of outdoor space with room for future development or expansion. The roof was replaced in 2017, and the building is heated with a boiler system and equipped with a 200-amp electrical breaker panel. The municipality is open to rezoning based on your proposed project, whether it's a full residential conversion or a blend of commercial and residential use. Don't miss out on this investment with endless possibilities! (id:64974)

Quick Facts

• Property Type: Multi-Family
• Bedrooms: None
• Bathrooms: 3
• Living Area: 2,520 sq ft (234.1 m²)
• Attached: Yes
• Lot Size: 0.6900 acres (0.28 ha)
• Frontage: 150 ft (45.7 m)

Costs

• Annual Taxes: $6,332.20

Listing Provided by: RE/MAX CROWN REALTY (1989) INC
Board: Timmins, Cochrane & Timiskaming District Association of REALTORS®
Data provided via CREA DDF®.