13 - 21 Queen St S

Appraised at $1,569,000! If you’re an investor seeking strong fundamentals, creative financing & massive upside potential, you’ve found it w/ this 10 unit mixed-use (6 Res/ 4 Comm) bldg in downtown Tilbury that has the opportunity to become 14+ units. Major updates include flat roof (23), facade masonry overhaul (24), several renovated units, exterior stairs & decking, along with preparatory demo for additional units yet to be created. The 4 commercial units benefit from walk by traffic, street parking & a municipally maintained rear lot. The largest commercial unit offers an opportunity for residential conversion at the rear (draft plans available) along with a large storefront featuring high ceilings & reclaimed brick. The apartments are always in demand, with one currently being renovated & another partially demolished in preparation for splitting into two. Contact LA for complete details about residential conversion opportunities, creative lending options & appraisal. (id:54626)