350 St Philippe ST, Alfred And Plantagenet, ON K0B 1A0
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350 St Philippe ST, Alfred And Plantagenet, ON K0B 1A0
350 St Philippe ST, Alfred And Plantagenet, ON K0B 1A0
350 St Philippe ST, Alfred And Plantagenet, ON K0B 1A0
350 St Philippe ST, Alfred And Plantagenet, ON K0B 1A0
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Jamie Black

Jamie Black

+1(416) 496-9220
$ 499,900
Est. payment /mo
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350 St Philippe ST Alfred And Plantagenet, ON K0B 1A0

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Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Subdivision 609 - Alfred

MLS Listing ID X13557420

Annual Tax Amount $3,568

Tax Year 2026

Property Sub-Type Commercial Retail

Property Description

**ATTENTION INVESTORS!** Here's an excellent opportunity to add a mixed-use income property to your real estate portfolio in the heart of Alfred, Ontario. Ideally located along Highway 17, this property offers excellent exposure, multiple income streams, and strong investment potential in a growing community conveniently situated between Ottawa and Montreal. The property features one established commercial unit occupied by Milano Pizza, along with three residential apartments, including two 2-bedroom units and one bachelor apartment. The commercial tenant has recently renewed their lease for an additional four years under a triple net lease, providing stable long-term income while minimizing the owner's operating expenses. The residential component offers an attractive opportunity to increase cash flow. One fully renovated 2-bedroom apartment is currently vacant, allowing the new owner to establish market rent immediately. The remaining apartments are occupied by long-term tenants, providing consistent rental income with future growth potential. Current monthly rental income includes the commercial unit at $2,028 + HST under a triple net lease, one occupied 2-bedroom apartment at $856/month plus heat and hydro, and a bachelor apartment at $497/month with hydro included. The renovated vacant 2-bedroom unit offers an estimated rental potential of approximately $1,300/month plus heat and hydro, creating immediate upside for the next owner. Whether you're an experienced investor or looking to add a versatile mixed-use property to your portfolio, this building offers the security of a long-term commercial tenant, multiple residential income streams, and the opportunity to increase revenue through the vacant renovated apartment. A great investment opportunity in a central Alfred location.

Location

Province ON

County Prescott And Russell

Area Prescott And Russell

Interior

Cooling Yes

Exterior

Community Features Major Highway

Utilities Available Yes

Lot Frontage 87.93

Lot Depth 62.55

Building

Building Age 51-99

Others

Security Features No

ParcelsYN No

Virtual Tour https://listings.sellitmedia.ca/sites/rvwyvlpm/unbranded

Listed by EXIT REALTY MATRIX
Jamie Black

Jamie Black

Sales Representative

+1(416) 496-9220

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350 St Philippe ST

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