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$ 469,900
Est. payment | /mo
$ 469,900
Est. payment | /mo
Key Details
Property Type Commercial, Single Family Home
Sub Type Investment Property,Residential,Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26010602
Construction Status Approximate
Year Built 1956
Annual Tax Amount $3,384
Tax Year 2025
Property Sub-Type Investment Property,Residential,Retail
Source WESC
Property Description
7% CAP RATE! Exceptional investment opportunity in the heart of downtown Essex! This versatile C2.2-zoned solid brick free-standing building offers approximately 2,000 sq ft in a high-traffic location just off Talbot Street. Featuring a 1,000 sq ft commercial storefront currently operating as a hair and nail salon, plus two updated and comfortable 1-bedroom residential units, this property is ideal for investors or owner-operators seeking strong income potential and flexibility. Bright interior spaces with abundant natural light throughout, meticulously maintained with evident pride of ownership. Commercial unit and one residential unit feature in-suite laundry. Commercial and residential spaces are FULLY FURNISHED, making this a truly turn-key investment. Separate gas and hydro meters for all three units. Updated electrical, finished rear patio for tenant enjoyment, and onsite 4-car parking with additional street parking available. Fully tenanted with vacant possession available for the commercial space if desired. Surrounded by shopping, restaurants, and local amenities, this property offers excellent visibility and endless potential. Income and expense details available upon request. Immediate possession available.
Location
Province ON
Zoning C2.2
Interior
Heating Air Conditioned, Floor Heat, Furnace, Heat Pump
Cooling Air Conditioned, Floor Heat, Furnace, Heat Pump
Flooring Ceramic or Porcelain, Other, See Remarks
Building
Sewer Sanitary
Construction Status Approximate
Listed by JUMP REALTY INC.
Nearby Locations