MNSKEY 647-325-5000

52-62 Gerrish Street

Windsor, Windsor, NS, B0N2T0

Listed by Exit Realty Town & Country

$875,000

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  • 9522 sq ft

Listed 253 days ago · MLS® 202602489

About this home

Well-positioned mixed-use investment property offering current income with exceptional development potential. Located in Windsor, one of the Annapolis Valleys fastest-growing communities. The main floor features two established commercial/retail units (approx. 3,000 sq ft), both currently occupied. A large front display window enhances visibility and street presence, making the retail/office space well-suited for a wide range of businesses. Unit 1 has a large open office/reception area, a washroom, 3 offices (one currently being used for storage, and a 4th large boardroom/office area. Unit 2 has a spacious reception area, two office spaces, and a washroom. Also on the main level, Unit 3 is a previously rented, currently undeveloped commercial/warehouse area with direct access from Stannus Street. This space includes multiple rooms and a kitchen area and offers excellent development potential. The second floor offers two, 2-bedroom residential apartments, with tenants responsible for their own heat/electricity. The entire third floor, approximately 2,000 square feet, remains undeveloped and presents a rare opportunity for expansion, such as additional residential units, subject to buyers plans and approvals. This property includes two PIDs, with the second PID comprising a parking lot accessible from Stannus Street, a valuable asset for both commercial and residential tenants. Situated in the center of town, with excellent exposure, this property is well-suited for investors seeking a combination of stable income, value-add potential, and long-term growth in a thriving Annapolis Valley community. (id:66966)

Details

Type
Retail
Size
9522 sq ft
Neighbourhood
Windsor
Municipality
Windsor

Interior

Fireplace
No
Flooring
Concrete

Heating, cooling and services

Heating
Baseboard heaters, Electric
Air conditioning
Window air conditioner

Building and exterior

Year built
1926
Exterior
Concrete block, Masonry, Concrete Walls

Parking

Driveway and parking
Paved Yard, Parking Space(s)

More

Business type
Residential

Location

Location is approximate. See nearby homes on the map

Listed by Exit Realty Town & Country.

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