631 Front St, Hearst, ON, P0L 1N0 - commercial for sale | Listing ID TM232049

Commercial For Sale In Hearst, Ontario

$680,000

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631 Front ST, Hearst, Ontario, P0L 1N0

$680,000

Property Information:

An incredible commercial investment opportunity to say the least. This 10-unit commercial investment property features 9 commercial rental units and 1 residential unit and generates a gross income of just over $115,000 a year. The property is currently fully tenanted by long-term tenants. The residential unit is a 1,500 sqft 3 bedroom 1 bath apartment that was recently renovated, the tenant pays for their hydro costs. The 9 commercial units all feature a bathroom, air conditioning, and separate entrances. The commercial units have all seen renovations in the past year, the most recent being in 2022 (3/9 units). Most tenants pay for their respective utilities except for 4 tenants. Major renovations include updating the electrical and plumbing systems from 2004 to 2006 and roof renovations, part of the roof was updated in 2004 (front half), and the remainder was updated in 2021 (2nd level and back half. The entire property offers 11,500 sqft of well-located commercial space. You don't want to miss your chance on this one! (id:27)

Building Features:

Amenities: Storefront, Street Lighting
Basement Type: Partial
Construction Material: Poured concrete
Heating Type: Baseboard heaters, Forced air, Space Heater
Heating Fuel: Electric, Natural gas

Property Features:

Property Type: Other
Access Type: Road access
Built in: 1948
Communication Type: High Speed Internet
Features: Wheelchair access
Floor Space (approx): 11500.00
Lot Frontage: 261.8
Utility Type: Telephone - Available, Hydro - Available, Cable - Available, Natural Gas - Available
Sewer: Municipal sewage system
Parking Type: Other, Surfaced, Parking Spaces
No. of Parking Spaces: 36

Courtesy of: RE/MAX CROWN REALTY (1989) INC

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Market Price Trends

Location of 631 Front ST, Hearst, Ontario, P0L 1N0

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Significant

25 hot days expected in 2050

Projected Storm Risk: High

14 storms expected in 2050

Projected Heat Risk: Significant

25 hot days expected in 2050

37/100

Significant

ClimateCheck®

Current data

This property, 631 Front ST , experiences 7 hot days per year at around 29.5 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 25 hot days at 32.6 degrees Celsius.

Projected Avg. Temperature

Past

29.5℃

2050

32.6℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk: High

14 storms expected in 2050

51/100

High

ClimateCheck®

Current data

This property, 631 Front ST , experiences 11 significant 2-day storms per year, with about 266.3mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 335.3mm of precipitation per year.

Precipitation Per Storm

Past

266.3mm

2050

335.3mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 631 Front ST, Hearst, Ontario, P0L 1N0

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$108,390.60

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.56 %

High school certificate or equivalent

28.1 %

Apprenticeship trade certificate/diploma

13.97 %

College/non-university certificate

29.63 %

University certificate (below bachelor)

0.02 %

University Degree

5.71 %

Commuter

Travel To Work

By Car

71.7 %

By Public Transit

0.0 %

By Walking

21.76 %

By Bicycle

0.0 %

By Other Methods

6.54 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

19.57 %

Houses

80.43 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 631 Front ST, Hearst, Ontario, P0L 1N0

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 631 Front ST, Hearst, Ontario, P0L 1N0

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

631 Front ST, Hearst, Ontario, P0L 1N0

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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