2532 1 Highway

Description

Calling all contractors and value-add investors! Realize the full potential of this income-producing asset strategically located between the growing communities of Berwick and Greenwood. Offering immediate cash flow today and development opportunity for tomorrow, this is the versatile Valley investment youve been waiting for. Composed of two, 1-bedroom units and two, 2-bedroom units, new ownership could inherit immediate income streams from tenanted units while improving the asset through phased renovation. Beyond the current living spaces, an attached unfinished two-storey storage space provides an excellent canvas for conversion or creative utilization. Location is key for tenant retention, and this property delivers. Offering short commutes to neighbouring communities, tenants also benefit from public transit access just steps away. Investors looking to the future will recognize the significant opportunity presented by the expansive stretch of Maple Avenue frontage. The land offers potential development opportunity, subject to county approvals and zoning verification. This property is truly awaiting a professional contractor's touch to realize its absolute maximum potential. Seize this opportunity to build equity and income in a growing location. (id:56844)

Listing

MLS® number

202623188

Status

Active

Days On Market

47

Building

Type

Fourplex

Year built

1911

Foundation

Stone, Unknown

Basement

Cellar

Interior

Flooring

Tile, Hardwood, Laminate, Linoleum

Heating

Heat Pump, Baseboard heaters, Oil, Electric, Ductless, Furnace

Appliances

Washer, Dryer - Electric, Refrigerator, Stove

Land

Lot size

0.76 acres

Exterior features

Wood siding

Parking

Type

Parking Space(s)

Utilities

Water

Drilled Well

Sewer

Municipal sewage system

Fees and taxes

Common interest

Freehold

Parcel number

55114391

Directions

Exit 16, turn right on Highway 1. Turn left on Maple Avenue; first driveway on the right.