$497,000

About this home

Discover an incredible opportunity with this versatile two-unit residential plus commercial unit. Perfectly situated in the heart of Torbay, under a 10-minute drive from St. John’s, this property offers prime visibility for any business while blending small-town charm with the convenience of urban living. Perfect for those who value proximity to nature, scenic beauty, and outdoor adventure. This location is truly special, enjoy being just a short walk from the stunning Torbay Beach and the world-famous East Coast Trail, named by National Geographic as one of the top adventure destinations in the world! The main level features a bright, modern, and extensively renovated commercial space that has been recently leased to a well-established chain store, highlighting the property’s strong appeal and prime location. It previously enjoyed decades of success as a hair salon for approximately 40 years. It is move-in ready and offers excellent flexibility for a wide variety of business ventures. For added convenience, the commercial space includes two bathrooms, providing functionality and comfort for staff and clients alike. There is also plenty of parking available on-site for both tenants and customers, ensuring easy access and convenience for everyone. Upstairs, you’ll find two spacious 3-bedroom, 1-bath apartments, each with large private decks for relaxing and enjoying the peaceful setting. In one unit, the laundry room was converted from a bedroom and could be reverted back with some adjustments. Both apartments are occupied by excellent tenants, including one long-term tenant of over 8 years, and both would be very happy to stay (tenants pay their own utilities). Total monthly rent is $4,300, including a newly signed lease with a chain store for the commercial space. This property offers a strong investment opportunity, a rare find like this doesn’t come along often! (id:65958)

Subtype

Other

MLS#

1296277

Area

TORBAY

Mortgage estimate