50
$3,488,000 Sale
Listed 75 days ago
770 Fourth Avenue
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Listing History
Buy/Sell/Terminated/Expired listing history for 770 Fourth Avenue
Key Facts
Key facts for 770 Fourth Avenue
Property Type
Commercial
Parking
None
MLS #
S13618058
Size
-
Basement
-
Listed on
2026-07-29
Lot size
84 x 126.0
Tax
$6,822 /yr
Days on Market
76
Approximate Age
31-50
Maintenance Fee
-
Description
Exceptional turnkey investment opportunity featuring a well-maintained mixed-use property with multiple income streams. The building offers six residential units, including five 2-bedroom apartments on the second floor and one 1-bedroom unit on the ground floor. All existing tenants are long-term an...d have been committed. The balance of the ground floor is occupied by an established Anchor Post Office consisting of 2 units, providing stable commercial income. Additional revenue is generated by an on-site coin-operated washer and dryer. Five residential units have been updated with LED lighting, cupboards, countertops, backsplash, flooring, custom blinds, hardware and some newer sliding glass doors. Each individual unit has its own baseboard heating. The roof is approximately 6 years old with a 25-year warranty, and the building is monitored by 5 security cameras. Parking includes 6 tenant spaces, 2 visitor spaces, handicap parking at the rear, plus dedicated front parking and side shipping space for the Post Office . Basic city garbage containers are conveniently located at the rear. A long-term tenant voluntarily assists with minor on-site maintenance, making this an even more attractive hands-off investment. Ideally located within walking distance to restaurants, convenience stores, beaches, and scenic walking trails, including nearby Pride Point, Awenda Provincial Park, and Port McNicoll Pier. Comprehensive due diligence is available for qualified buyers, including all residential leases, Anchor Post Office lease details, Profit & Loss statements for 2024, 2025 and year-to-date 2026, plus utility and property tax information. A rare opportunity to acquire a stabilized income-producing asset with diversified revenue, documented financials and excellent long-term investment potential with a Perpetual Lease.
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Courtesy of: RIGHT AT HOME REALTY