Listing Price: $2,199,000

723 Albert Street

For Sale

Property [Details]

Property Type


Land

Community


Lakeview Oshawa

Lot Size


113.44 x 359.44 Feet

Taxes/Year


$6,734.60

Commercial Property for Sale with Storage Income – Multiple Uses and Investment Potential

This commercial property for sale with storage income offers incredible versatility and multiple income-generating opportunities. It’s ideal for work, a work/investment combination, or a full investment strategy.

The east side of the fully fenced yard currently generates $3,000 per month in rental income. Additionally, there is potential to earn an extra $6,000 or more monthly from the ample unused storage space. This makes it a highly attractive option for investors seeking strong returns.

Two spacious workshops or storage buildings are included, measuring 1,376 square feet and 1,284 square feet respectively. These structures are perfect for operating two workshops, expanding an existing business, or leasing to separate tenants.

On the west side of the fenced yard, there are 9,000 square feet available for truck or equipment storage. Furthermore, a paved driveway on the west side of the barn provides another 2,250 square feet of additional storage capacity.

The property features a 200 AMP electrical service, ensuring reliable power for heavy equipment and operational needs. A water drum is included for a non-potable water source, offering convenience for cleaning, landscaping, or equipment maintenance.

For those requiring city water, the estimated cost to bring service to the property is approximately $40,000. While this represents an investment, it could significantly enhance the property’s value and usability.

This property’s configuration and facilities make it suitable for a wide range of uses, including storage rental, small-scale manufacturing, or contractor operations. Its existing rental income, combined with the substantial potential for additional revenue, positions it as a rare find.

Overall, this commercial property for sale with storage income offers both immediate returns and long-term growth opportunities, making it an excellent choice for entrepreneurs and investors alike.

Neighbourhood [Details]