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514-516 Main Street

Main StThree RiversPE, C0A 1R0

-
Baths
$2,779,900
List Price
514-516 Main Street, Three Rivers, PE - 1 of 3
514-516 Main Street, Three Rivers, PE - 2 of 3
514-516 Main Street, Three Rivers, PE - 3 of 3
129 days on market

Quick Summary

  • Lucrative multi-unit investment property
  • Centrally located with high walkability
  • Unfinished basement offers expansion potential
  • Convenient access and exit on two roads
  • Existing cash flow from 23 rental units
  • Opportunity for additional unit development
  • Eligible for multi-unit building grants
  • Efficient land utilization with 9.4% coverage

This property offers not one, but two commercial buildings with a total of 23 units! Featuring 18 one-bedroom units and 5 two-bedroom units, this centrally located property in Montague is poised to be a lucrative investment. Located at 514 Main Street, this property has a walking score of 70 with most errands being very walkable. The... Show More

This property offers not one, but two commercial buildings with a total of 23 units! Featuring 18 one-bedroom units and 5 two-bedroom units, this centrally located property in Montague is poised to be a lucrative investment. Located at 514 Main Street, this property has a walking score of 70 with most errands being very walkable. The lower level boasts approximately 4,256 square feet of unfinished space, presenting ample potential for further development and increased cash flow. Each building occupies approximately 9.4% of the parcel, suggesting additional room for expansion. The property benefits from convenient access and exit points on both Main Street and Queens Road. With numerous grants available for multi-unit buildings, this investment offers existing cash flow and the potential for additional units, making it an exceptional opportunity. (id:54626)

Property Details

Build

Year Built
1942
Model Name
-
Exterior
-
Builder Name
-
Floors
-
Flooring
Carpeted, Tile, Vinyl, Other

Heating & Cooling

Heating
Furnace, Radiator
Cooling
-

Utilities

Water
Municipal water
Sewer
Municipal sewage system

Ownership Details

Ownership

Title
Freehold
Zoning
Residential

Source

Listing Brokerage

MLS® Listing
202416666
Last Updated
November 16, 2024
Brokerage
EAST COAST REALTY
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