50
$1,799,999 Sale
Listed 140 days ago
569 CATHERINE STREET
· 0
· 0.0
· 16
· 3892
Key Facts
Key facts for 569 CATHERINE STREET
Property Type
Commercial
Parking
Garage: No, 16 parking
MLS #
X13247170
Size
3892 sqft
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
Description
Welcome to 569 Catherine Street, a fully renovated, turn-key commercial property offering a secure and lucrative investment in one of the region's growing family-oriented communities. This building has been completely gutted and professionally updated from top to bottom, including new plumbing, elec...trical, Hvac, roof, windows, and all systems brought up to current codes and requirements for daycare and tutoring operations. The result is a modern, compliant facility with long-term potential. Currently tenanted by a high-quality, upscale daycare and tutoring business with 3 years remaining on the lease (plus renewal option), this property generates over $105,000 annually in guaranteed rental income with built-in yearly increases. The tenant is responsible for all TMI (taxes, maintenance, and insurance), making this a truly hands-off, high-yield opportunity. Located in a family-friendly area with schools, parks, and residential neighborhoods nearby, the demand for childcare remains strong, supporting the stability and long-term viability of the tenant. With a professionally structured lease and a tenant invested in staying long term, 569 Catherine Street is not just a building, it's a rare chance to own a secure, income-producing asset in a thriving community. Large lot would allow for future building/expansion. Property has 7 washrooms, additional separate sinks and includes a full kitchen. (id:10452)
Similar Properties (No results)
Listing courtesy of: LPT Realty
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.