350 St Philippe Street, Alfred and Plantagenet, ON K0B 1A0
Alfred and Plantagenet, ON, K0B 1A0 · 609 - Alfred
About this property
ATTENTION INVESTORS! An exceptional opportunity to own a versatile income-producing mixed-use property in the heart of Alfred! This impressive four-unit building features three residential apartments and one established commercial unit, offering multiple streams of rental income and excellent upside potential. The residential portion consists of two spacious 2-bedroom apartments and one bachelor unit. Adding to its appeal, one of the 2-bedroom apartments has been completely renovated and is currently vacant, allowing the new owner to set their own rental rate, with an estimated rental potential of approximately $1,300/month plus heat and hydro. The commercial unit is currently occupied by the well-established Milano Pizza, providing an additional source of income and stability.Ideally situated along Highway 17, this property benefits from excellent exposure, convenient access to local amenities, schools, restaurants and everyday services, while offering easy connectivity to both Ottawa and Montreal. With an established commercial tenant secured under a renewed four-year triple-net lease, three residential units and the added opportunity to maximize rental income from the vacant renovated apartment, this property presents an outstanding investment opportunity. Boasting a true potential net capitalization rate of 10.28%, this is an attractive opportunity for investors seeking strong income potential, multiple revenue streams and long-term value in a desirable central location. Don't miss your chance to add this exceptional mixed-use investment property to your portfolio!
Features & Amenities
- Basement: Partial Basement
- Garage: None
- Cooling: None
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2-Storey
- Construction: Aluminum Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Fourplex |
| Architectural Style | 2-Storey |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Basement | Partial Basement |
| Garage | None |
| Parking Spaces | 1 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $3,560 |
| Tax Year | 2026 |
Interior Features
- Interior Features
- Carpet Free, Primary Bedroom - Main Floor, Separate Heating Controls, Separate Hydro Meter
Exterior Features
- Exterior Features
- Deck
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Aluminum Siding
- Foundation Details
- Concrete Block
- Roof
- Asphalt Shingle
- Basement
- Partial Basement
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 1
- Parking Total
- 1.00
- Parking Features
- Unreserved
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 62.55
- Lot Width
- 87.93
Financial & Tax
- Tax Annual Amount
- $3,560
- Tax Year
- 2026
- Possession Type
- Flexible
- Possession Details
- tba
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 5
- Kitchens Above Grade
- 1
- Kitchens Total
- 1
- Bedrooms Above Grade
- 2
Additional Details
- Occupant Type
- Owner
- Direction Faces
- North
- County Or Parish
- Prescott and Russell
- Cross Street
- HWY 17
- Directions
- HWY 17
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, See Brokerage Remarks, Showing System, List Brokerage, List Salesperson
Location
350 St Philippe Street, Alfred and Plantagenet, ON K0B 1A0, Alfred and Plantagenet, ON, K0B 1A0