820 Reeves Street

Description

Positioned in a high-traffic commercial corridor, this well-maintained investment property offers an exceptional opportunity for investors seeking stable, long-term income. The building is currently leased under a 10-year triple net lease to strong, reliable tenants, providing secure cash flow with minimal landlord responsibilities. Constructed with durable steel framing, the property features a newer rooftop heat pump system along with an additional mini-split system, ensuring efficient climate control and long-term operational value. The site offers excellent visibility and exposure, making it an attractive location for both customers and tenants alike. Designed with functionality in mind, the property includes ample on-site parking, easy access for freight and deliveries, and convenient access to major routes. Located in a thriving and growing area, this is a solid addition to any real estate portfolio. Investors should also inquire about 422 Sydney Road, which is owned by the same vendors. The sellers would consider a package sale, presenting a rare opportunity to acquire multiple income-producing assets together. (id:56844)

Listing

MLS® number

202609882

Status

Active

Days On Market

178

Building

Year built

2005

Above grade

3,510 sq ft

Exterior

Steel frame

Features

Air Conditioning

Interior

Flooring

Heavy loading

Heating

Heat Pump, Electric, Ductless

Cooling

Heat Pump, Air Conditioned

Land

Lot size

0.84 acres

Community

High Traffic Area

Parking

Type

Paved Yard

Utilities

Water

Municipal water

Business

Business type

Other

Fees and taxes

Common interest

Freehold

Parcel number

50347459

Directions

Located on the main drag!