Property Description

Unlock the potential of this 6-unit retail property in Elora, offering a prime value-add investment opportunity with multiple income streams and significant upside.The property features 6 total units, with 2 currently leased at $500/month each on month-to-month terms, providing immediate income while allowing flexibility to increase rents or reposition tenants. With pro forma rents, the property has the potential to generate $3,000+ per month once stabilized.In addition to the retail spaces and one has cafe or restaurant potential, the property includes multiple storage containers, and a dedicated parking lot, creating additional revenue opportunities and enhancing overall cash flow potential.Recent electrical updates have already been completed, reducing upfront improvement costs and adding to the property's long-term value.Whether you're an investor looking to reposition and maximize rents or seeking a multi-use commercial asset with strong upside, this property offers a compelling opportunity in a growing rural market.Bring your vision and capitalize on the potential-opportunities like this don't last long.

Property Features