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Executive Summary
Investor opportunity with strong in-place income and additional upside. 405 Pond Street is a mixed-use propertyfeaturing a 2,300 SF grocery store plus three residential apartments above. Current income includes a long-termgrocery tenant paying $1,600/month, one apartment at $1,300/month, one apartment at $800/month, and avacant top-floor apartment previously rented for $1,300/month. Recent capital improvements include a new roofand three new boilers. Tenants pay their own utilities, with the owner responsible for water/sewer. Sale also includes 403 Pond Street, providing valuable off-street parking for approximately 10 vehicles. This is a strongcash-flowing asset with value-add potential through leasing the vacant apartment and optimizing rents.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,000 SF
Building Class
C
Year Built
1940
Price
$505,113 CAD
Price Per SF
$252.56 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.33
Lot Size
0.14 AC
Zoning
010
Parking
8 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
33’ on Pond St
Very walkable
80/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $220,913 CAD | |
| Land Assessment | $23,047 CAD | Total Assessment | $243,960 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$23,047 CAD
Improvements Assessment
$220,913 CAD
Total Assessment
$243,960 CAD
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405 Pond St
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