12205 Riverside Dr E, Tecumseh, ONTARIO N8N 1A1

$999,900

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List Price
$999,900
Status
ACTIVE
MLS® #
26023878
Subtype
Industrial/Commercial
MLS Area Major
Tecumseh

Property Description

Prime Tecumseh investment opportunity on an exceptionally busy, high-exposure corner of Riverside Dr. E and Chene St., directly beside popular TOTO Café and steps to Lake St. Clair and the Ganatchio Trail. 2 buildings on 1 lot. Versatile mixed-use property featuring commercial space fronting Riverside with residential 2 bedroom apartment above, plus a separate detached office/residential building. Current income with rental upside and potential gross annual income of approximately $75,600. Detached building can readily transition back to 3-4 bedroom residential home, providing added flexibility. Excellent visibility, strong location and multiple opportunities to enhance income. A rare Riverside Drive investment offering exposure, flexibility, in an established neighbourhood with future upside with new development potential in the immediate area.

Additional Information

Zoning
CG-2

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Listing courtesy of REMO VALENTE REAL ESTATE (1990) LIMITED.