On the market for 57 days — longer than average. The seller may be open to negotiation.
10.2% CAP RATE | 3 INCOME STREAMS | FULLY TENANTED Investors, take note! An impressive 10.2% cap rate and immediate cash flow make this turnkey mixed use property a strong investment opportunity in the heart of downtown Ripley. Featuring one generous ground level retail store plus two spacious 2 bedroom apartments, this property delivers three established income streams under one roof. Fully occupied and income producing from day one, investors can step directly into an established property with no vacancy to fill. Well maintained and ideally positioned in the village core, the property offers a diversified mix of residential and commercial revenue with minimal management required. Conveniently located close to local shops, services and community amenities, this is a straightforward income property offering an attractive return. Three units. Full occupancy. 10.2% cap rate. Immediate income. Add this proven income producer to your portfolio and start generating revenue from day one.
*Estimates based on comparable rentals in the area. Actual income may vary.
Based on active listings in Huron-Kinloss. Data updates daily.
How walkable, bikeable, and transit-friendly this neighbourhood is.
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MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
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