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For Sale - 13-21 Queen Street, Tilbury, Ontario

Est payment $6,080/mo
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Time on Jump  38 day

AI Summary *

  • Mixed-use building with 10 units, including 6 residential and 4 commercial.
  • Potential to expand to 14+ units for increased rental income.
  • Recent major updates for durability and modern appeal.
  • High foot traffic and street parking benefit commercial units.
  • Opportunity for residential conversion in large commercial space.




Appraised at $1,569,000! If you’re an investor seeking strong fundamentals, creative financing & massive upside potential, you’ve found it w/ this 10 unit mixed-use (6 res/ 4 comm) bldg in downtown tilbury that has the opportunity to become 14+ units. Major updates include flat roof (23), facade masonry overhaul (24), several renovated units, exterior stairs & decking, along with preparatory demo for additional units yet to be created. The 4 commercial units benefit from walk by traffic, street parking & a municipally maintained rear lot. The largest commercial unit offers an opportunity for residential conversion at the rear (draft plans available) along with a large storefront featuring high ceilings & reclaimed brick. The apartments are always in demand, with one currently being renovated & another partially demolished in preparation for splitting into two. Contact la for complete details about residential conversion opportunities, creative lending options & appraisal.
Listing ID24027575
Address13-21 Queen Street
CityTilbury, Ontario
Price$1,195,000
FlooringConcrete, Cushion or Lino or Vinyl, Lami…
TypeIndustrial/Commercial
StatusFor Sale

Attachment Style Multi-Storey, Multi-UnitSubtype Investment Property, Residential, RetailApprox. Square Footage 13989Inclusions All Landlord Owned AppliancesParking Common/SharedAmenities High Traffic Location, Shopping NearbyOwnership FreeholdRental Equipment NoBuilding Amenities Window DisplayFire Protection Smoke DetectorHeating / Cooling Air Conditioned, Forced Air, FurnaceHeating Fuel Natural GasUtility Power UNKNOWNUtility Water Municipal WaterSewer Sanitary

Date Listed Nov 29, 2024Days on Market 38Parking Gravel
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JUMP FEATURED AGENT

Mohsin Rashid

Mohsin Rashid

Realtor®

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Listing Agency:  RE/MAX CAPITAL DIAMOND REALTY - 821
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13-21 Queen Street
Tilbury , Ontario
$1,195,000
Get more info