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$1,399,999
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 25018424
Property Sub-Type Freehold
Source Windsor-Essex County Association of REALTORS®
Property Description
For sale in Downtown Belle River, 540 Notre Dame is a prime mixed-use investment with value-add potential, offered at $1,399,999. The property includes 6 residential units (4 one-bedrooms, 2 two-bedrooms), 2 renovated commercial spaces (650 & 800 sq ft), and a detached full-brick duplex—all with room for rent increases. Immaculately maintained by owner-management. Current NOI is $81,098 (6.0% CAP) with projected $122,266 (9.1% CAP) through updates and leasing. Several residential units are upgraded, others offer renovation upside. Structurally sound with a roof approx. 8 years old, 8 parking spaces, and free street parking. Ideally located on Notre Dame Street, walkable to shops, restaurants, parks, and the waterfront—this is a rare opportunity in one of Lakeshore's fastest-growing communities. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Forced air, Furnace, ,
Cooling Air Conditioned
Flooring Carpeted
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Ownership Freehold
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Listed by REMAX CAPITAL DIAMOND REALTY