Property Information:
Nestled in the heart of Cranbrook, this two-storey commercial building presents an opportunity for investors and entrepreneurs alike. Boasting a strategic location and a history as a local landmark, this property offers a unique blend of versatility and potential. Currently, the building features two well-maintained apartments on the upper level, collectively generating approximately $1,950 per month in rental income. These units provide a stable revenue stream, ideal for supplementing your investment. The main floor, previously a bustling retail space, now stands vacant and available for lease. Alternatively, bring your business ideas to fruition and capitalize on the additional income potential. Whether you envision a thriving retail outlet or a dynamic office space, the possibilities are endless. Included with the property is an adjoining lot to the north, offering opportunities for expansion or future development. This expansive footprint not only enhances the property's value but also underscores its potential for growth and customization. The building is equipped with a partial basement, providing valuable additional storage space Each unit enjoys separate hydro metering, ensuring efficiency and ease of management. Long-term, reliable tenants further enhance the property, highlighting its reputation as a secure investment. Having served as a cornerstone of Cranbrook's commercial landscape, this building enjoys a reputation for reliability and within the community.
