Prime Mixed-Use Investment Opportunity – 1450 Grange Street
Welcome investors to 1450 Grange Street, a unique mixed-use property offering exceptional income potential. This versatile property features a commercial unit on the ground floor and an upper level with the potential to house four one-bedroom apartments. Whether you’re looking for a long-term investment, a redevelopment project, or an owner-occupied business space, this property presents endless possibilities.
Property Details:
Ground Floor Commercial Unit – Previously operated as a convenience store, this space generated $3,000 per month in rental income.
Upper-Level Residential Space – The second floor has the potential to be converted into four separate one-bedroom apartments, making this an excellent opportunity for a value-add investment. The units require a complete renovation, giving investors the flexibility to design modern, high-demand rental spaces.
Income Potential:
One-bedroom apartments in this area rent for approximately $1,240 per month.
Once renovated, the total projected rental income from the upper-level units alone could reach $4,960 per month.
Combined with the $3,000 monthly commercial rental income, the property offers a potential gross income of $7,960 per month.
High-Demand Rental Market – With strong rental rates in the area, this property has significant upside potential once the residential units are completed.
Strong Foot Traffic & Visibility – The commercial space benefits from a prime location with easy access for customers and tenants alike.
Flexible Investment Opportunity – Ideal for passive income, a redevelopment project, or an owner-user looking to operate a business on-site while generating additional rental revenue.
Endless Potential – Whether you renovate and rent, operate a business, or develop further, this property provides multiple options for strong returns.
This is an excellent opportunity for investors looking to capitalize on a highly versatile property in a growing market. With the right vision and improvements, 1450 Grange Street can become a highly profitable asset. The property is being Sold AS-IS No Repairs will be Made
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