52-62 Gerrish Street, Windsor, Nova Scotia B0N 2T0

Listed for:
$875,000
0 beds
0 baths
Listed 36 days ago
52-62 Gerrish Street, Windsor, Nova Scotia B0N 2T0

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About

Exit 6 off Hwy 101, right on Upper Water St, left on Gerrish St to civic on RHS Well-positioned mixed-use investment property offering current income with exceptional development potential. Located in Windsor, one of the Annapolis Valleys fastest-growing communities. The main floor features two established commercial/retail units (approx. 3,000 sq ft), both currently occupied. A large front display window enhances visibility and street presence, making the retail/office space well-suited for a wide range of businesses. Unit 1 has a large open office/reception area, a washroom, 3 offices (one currently being used for storage, and a 4th large boardroom/office area. Unit 2 has a spacious reception area, two office spaces, and a washroom. Also on the main level, Unit 3 is a previously rented, currently undeveloped commercial/warehouse area with direct access from Stannus Street. This space includes multiple rooms and a kitchen area and offers excellent development potential. The second floor offers two, 2-bedroom residential apartments, with tenants responsible for their own heat/electricity. The entire third floor, approximately 2,000 square feet, remains undeveloped and presents a rare opportunity for expansion, such as additional residential units, subject to buyers plans and approvals. This property includes two PIDs, with the second PID comprising a parking lot accessible from Stannus Street, a valuable asset for both commercial and residential tenants. Situated in the center of town, with excellent exposure, this property is well-suited for investors seeking a combination of stable income, value-add potential, and long-term growth in a thriving Annapolis Valley community. (id:27476)

Property Highlights

MLS® Number
202602489
Type
Retail
Community Name
Windsor
Ownership Type
Freehold
Land Size
0.194 ac

Building

Amenities
Living Accommodation Public Transit, Shopping
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Heating Fuel
Building Cooling Type
Window air conditioner

Utilities

Water
Municipal water

Location

Learn more about this property
Listing provided by:
Exit Realty Town & Country
MLS® number:
202602489
Agent:
Charlene Meister
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