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Investment Highlights

  • Best of Both Worlds - Zoned Residential & B3 Commercial
  • 3-Car Garage & 2-Car Concrete Drive
  • Running Business From Home
  • Finished Lower Level Studio Apartment
  • Heart of Downtown North Branch
  • Generating Rental Income

Executive Summary

Welcome to the best of both worlds — residential & commercial business. This versatile property is nestled in the heart of downtown North Branch that blends comfortable residential living with exciting commercial business potential. Zoned both B3 Commercial and Residential, this 1,820-square-foot gem offers a rare opportunity for homeowners, entrepreneurs, and savvy investors alike. Whether you dream of running a business from home and/or generating rental income or single family home with Studio Apartment, this property delivers flexibility that most homes simply cannot match. Step inside the main level and discover a three-bedroom residence designed for everyday living and comfort. The kitchen comes equipped with appliances ready to handle family meals and holiday feasts, while the living spaces provide a warm and inviting atmosphere for relaxing after a long day. The main level full bathroom ensures convenience for everyone under the roof, and the layout flows naturally from room to room with an easygoing charm that makes this house feel like home from the moment you walk through the door. Now, here is where things get truly interesting. Head downstairs to the lower level and you will find a fully functional Studio Apartment with its own kitchen, full bathroom, studio bedroom, and — perhaps most importantly — a separate entrance. This self-contained space is perfect for extended family, guests or a studio apartment that could generate supplemental income. Or better yet, run your Professional Business Office upstairs and live downstairs in Studio Apartment. Each floor operates independently with its own entrance, making this property a genuine live-and-work setup for anyone ready to turn their work-from-home dream into reality. Recent updates throughout the home mean you can move in with confidence. A newer furnace and air conditioner keep the climate comfortable year-round, while the water heater and water softener handle the essentials behind the scenes. The washer and dryer are included, saving you the hassle and expense of purchasing new laundry equipment. These thoughtful upgrades add real value and reduce the worry of unexpected maintenance costs right out of the gate. Outside, the property continues to impress. A solid concrete driveway leads to a spacious three-car garage — more than enough room for vehicles, workshop space, storage, or whatever your heart desires. The private in-town lot offers generous outdoor space with a peaceful atmosphere that belies its incredibly convenient location. Speaking of location, Central Park sits just steps away, providing green space and fresh air practically at your doorstep. North Branch Area Public Schools are nearby for families with children, and daily errands are a breeze with grocery shopping and public transit options all within a short distance. You get the tranquility of a private setting with every modern convenience right around the corner. This property is being sold as-is with cash or conventional financing accepted. Buyers with vision will immediately recognize the renovation potential waiting to be unlocked here. Whether you see a polished family home, a thriving home-based business, or a smart investment property, the possibilities are as wide open as your imagination. Do not let this unique opportunity slip away — schedule your showing today and see the potential for yourself.

Taxes & Operating Expenses (Actual - 2026)

Annual (CAD) Annual Per SF (CAD)
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2026)

Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $7,842,053
Annual Per SF $4,308.82

Property Facts

Sale Type
Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
1,820 SF
Building Class
C
Year Built
1967
Price
$406,363 CAD
Price Per SF
$223.28 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,820 SF
Building FAR
0.17
Lot Size
0.25 AC
Zoning
B3
Parking
5 Spaces (2.75 Spaces per 1,000 SF Leased)

Amenities

  • Storage Space
  • Air Conditioning
  • Smoke Detector
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
16-00394-00
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$322,224 CAD (2024)
  • Listing ID: 40175685

  • Date on Market: 2026-04-16

  • Last Updated:

  • Address: 38804 8th Ave, North Branch, MN 55056

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