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212 MAIN STREET W, Minto (Palmerston), Ontario, N1G 2P0

MLS® # X9229472
Commercial For Sale In Minto (Palmerston), Ontario
$4,100,000
212 Main Street W, Minto (Palmerston), ON
212 Main Street W, Minto (Palmerston), ON
212 Main Street W, Minto (Palmerston), ON
212 Main Street W, Minto (Palmerston), ON
  • Advertising
ACTIVE
212 MAIN STREET W, Minto (Palmerston), Ontario, N1G 2P0
$4,100,000

Property Information:

Prime Downtown Palmerston Commercial Property For Sale A Versatile Investment Opportunity!Description: An exceptional investment opportunity awaits in the heart of downtown Palmerston! This versatile commercial property boasts a strategic location and diverse income streams, making it a standout choice for savvy investors. The property includes three established restaurants, a laundromat, and multiple residential units designed to maximize profitability and cater to a wide range of tenants. Property Highlights: Three Restaurants: Well-established dining options with loyal customer bases, providing steady income and excellent growth potential. Laundromat: a conveniently located facility catering to residents and businesses, ensuring consistent revenue. Residential Units: Two 3-Bedroom Apartments: Spacious and well-maintained, perfect for families or professionals. Five 2-Bedroom Apartments: Ideal for couples, small families, or individuals seeking comfortable living in a prime location. Key Features: Prime Location: Situated in the bustling downtown area of Palmerston, ensuring high visibility and foot traffic. Substantial Rental Income: Multiple income streams from commercial and residential tenants. Turnkey Investment: Fully equipped and operational businesses with established customer bases. Parking: Ample parking is available for restaurant patrons, laundromat users, and apartment residents. Why Invest Here? Diversified Revenue Streams: Benefit from stable and diverse income sources across commercial and residential units. Growth Potential: Opportunity to further enhance profitability through targeted marketing, menu expansion, and property upgrades. Community Hub: Located in a vibrant downtown area, Seize this chance to acquire a prime commercial property in downtown Palmerston designed to deliver robust returns and long-term value. Whether you're an experienced investor or new to the market, this property offers unmatched potential and opportunity. (id:27)

Building Features:

  • Style: Retail
  • Air Conditioning: Yes
  • Heating Type: Forced air
  • Heating Fuel: Electric
  • Cooling Type: Fully air conditioned

Property Features:

  • Property Type: Retail
  • Irregular: Yes
  • Lot Depth: 70.8 Feet
  • Lot Frontage: 66.1 Feet
  • Lot Size: Bldg=66.13 x 70.75 FT
  • Zoning: Commercial Mixed Use

Courtesy of: NU-VISTA PREMIERE REALTY INC.

REALTOR.ca  

Location of 212 MAIN STREET W, Minto (Palmerston), Ontario, N1G 2P0

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

33 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

33 hot days expected in 2050

49/100

Moderate

ClimateCheck®

Current data

This property, 212 MAIN STREET W , experiences 7 hot days per year at around 29.8 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 33 hot days at 33.3 degrees Celsius.

Projected Avg. Temperature

Past
29.8℃
2050
33.3℃

# Hot Days Per Year

Past
7
2050
33

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

66/100

Moderate-High

ClimateCheck®

Current data

This property, 212 MAIN STREET W , experiences 11 significant 2-day storms per year, with about 325.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 402.3mm of precipitation per year.

Precipitation Per Storm

Past
325.2mm
2050
402.3mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 212 MAIN STREET W, Minto (Palmerston), Ontario, N1G 2P0

Life Stage

Older Parents, Younger Kids

Employment Type

Blue Collar/Primary

Average Household Income

$100,425.65

Average Number of Children

1.90

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

30.4 %

High school certificate or equivalent

37.65 %

Apprenticeship trade certificate/diploma

3.63 %

College/non-university certificate

22.72 %

University certificate (below bachelor)

0.17 %

University Degree

5.43 %

Commuter

Travel To Work

By Car

83.83 %

By Public Transit

3.19 %

By Walking

12.98 %

By Bicycle

0.0 %

By Other Methods

0.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

21.69 %

Houses

78.31 %

Own Vs. Rent