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Investment Highlights
- Corner lot Heavy Traffic exposure
- Open office plan
- Lots of natural light in Office
Executive Summary
Prime mixed-use opportunity in the heart of Paterson! Located at 202 22nd Ave in the highly desirable People's Park section bordering the sought-after Lakeview Ave area this versatile commercial property offers exceptional visibility on a busy four-way traffic corner, maximizing exposure for any business.Currently configured as a real estate office, the first floor provides a professional workspace with direct access to a fully finished basement, plus a separate private entrance ideal for expanding your operations, creating additional office suites, storage, or bringing your unique business vision to life.The second floor features a well-maintained 1-bedroom studio with generous closet space and additional storage, presenting the perfect opportunity for owner-occupancy or rental income to offset business expenses.Additional highlights include off-street parking for up to two vehicles, along with abundant on-street parking ensuring convenience for both clients and staff.Whether you're an entrepreneur, investor, or business owner looking to establish a presence in a high-traffic location, this property offers flexibility, income potential, and strong local exposure.Endless possibilities await bring your imagination and make this space your own!
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
2,100 SF
Building Class
C
Year Built
1980
Price
$548,114 CAD
Price Per SF
$261.01 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Building FAR
0.96
Lot Size
0.05 AC
Zoning
B-2 - Mix Use , Prime mixed-use opportunity in the heart of Paterson!
Frontage
17’ on 22nd Ave
Amenities
- Corner Lot
- Storage Space
- Air Conditioning
- Smoke Detector
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-07502-0000-00001 | Total Assessment | $157,016 CAD |
| Land Assessment | $64,153 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $92,863 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
08-07502-0000-00001
Land Assessment
$64,153 CAD
Improvements Assessment
$92,863 CAD
Total Assessment
$157,016 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Photos
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Presented by
202 22nd Ave
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