An exceptional turn-key investment opportunity in the heart of historic downtown Blyth! This beautifully restored, fully occupied mixed-use freehold building offers stable, immediate income and endless future potential with two established tenancies. The main floor features a long term reliable government office tenant with an extended lease through 2030 ($34,792/yr income). The upper level boasts a spacious 3-bedroom residential furnished apartment with a conscientious long-term tenant. Total gross income of $47,000+/yr with low operating costs. Extensively renovated with major mechanical updates, 2022 natural gas conversion, 2023 facade refresh, and a brand new membrane roof with seamless eavestroughs in 2026. Prime location directly across from the renowned Blyth Festival Theatre and minutes from Cowbell Brewing, the G2G Rail Trail, and Lake Huron beaches. Future potential to optimize residential rents or convert the upper unit to short-term tourist accommodation (subject to bylaws). Invest with Confidence. ENJOY dependable turn-key cash flow! (id:28006)
| MLS® Number | X13657266 |
| Property Type | Retail |
| Community Name | Blyth |
| Bathroom Total | 2 |
| Age | 100+ Years |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 4535 Sqft |
| Size Interior | 4,535 Ft2 |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 102 Ft |
| Size Frontage | 20 Ft |
| Size Irregular | Bldg=20 X 102 Ft |
| Size Total Text | Bldg=20 X 102 Ft |
| Zoning Description | C4 |
https://www.realtor.ca/real-estate/30135498/408-queen-street-north-huron-blyth-blyth
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