Description

 Price: $ 1,475,000.00 MLS^®: X12459511         Location : 30 Walton Street, Port Hope, ON L1A 1N1

Well maintained building in the highly sought after municipality of Port Hope. Port Hope is the hidden gem of Northumberland County. The Ganaraska River is behind the building where salmon fishing is plentiful, and the Capital Theater is steps away from the front door. The exterior facade was restored in 2016. There are five residential apartments as well as two commercial/retail units. One commercial unit is 750 square feet and the other is 2500. Commercial units are on three years leases, due in 2028 and 2029.Three of residential units are month to month , one is leased until July 2026 with another leased until August 2026. There are four two bedroom apartments and one three bedroom apartment. All units have one designated parking spot along the east of the building. The property falls under Conservation Control, Easement, Flood Plain, Heritage Port Hope. Buyer to be aware of the Port Hope Initiative. Great Income. At the list price the property has a cap rate of 7.3%.

Location Description

Queen and Walton

Property Details

• Community: Port Hope
• Property Type: Tenant/Commercial
• Garages: None

Building Features

Features

• Heating: Gas Hot Water