101 THAMES Street North, Ingersoll (Ingersoll - North), Ontario N5C3C9

Property Description

Positioned at the high-traffic corner of Victoria Street and Thames Street in the heart of Ingersoll, this turn-key mixed-use commercial building presents an exceptional opportunity for investors and owner-operators alike. Offering a versatile live/work configuration and multiple income streams, this property is ideally suited for those seeking both stability and future upside. The upper level features two well-maintained 2-bedroom residential units, each separately metered with tenants responsible for their own utilities. Both units are currently occupied by long-term tenants, with flexibility for vacancy if required. On the main level, the building includes two fully leased commercial storefronts-one occupied by a pet grooming business and the other by a water treatment equipment company-providing immediate, reliable rental income. The main floor offers a carpet-free, open-concept layout complete with a welcoming reception area, dedicated storage space, and a separate entrance for added convenience. Situated on a prominent corner lot, the property benefits from excellent visibility, strong foot and vehicle traffic, dual access points, and ample on-site parking for tenants, customers, and clients. Additional storage is available in the basement, enhancing functionality for a variety of commercial uses. This flexible mixed-use asset offers multiple possibilities: continue as a solid income-generating investment, operate your business on the main floor while residing upstairs, or explore future redevelopment potential in this prime central location. High-exposure corner properties with mixed-use zoning are particularly desirable due to their versatility and strong income potential. Operating expenses for 2025 include gas at $2531.00 and hydro at $3640.00. With excellent exposure, established tenancies, and a strategic location in one of Ingersoll's most prominent intersections, this is a rare opportunity to acquire a dynamic and income-producing property. (id:5764)