1451 Ouellette Avenue

Description

This is the ULTIMATE house hack for first-time homebuyers: live in the upper unit and have a steady, long-term commercial tenant pay down your mortgage on the main floor! This free-standing 1,800 sq ft commercial/residential building is ideally located on high-traffic Ouellette Avenue. Main floor has a long term net lease with an established professional accounting firm. Zoned CD3.5, this versatile property offers endless potential with existing main floor commercial space that includes finished offices, a reception area, a waiting area, and a boardroom. The currently vacant upper level offers a 2-bedroom residential unit with original hardwood floors, balcony, in-suite laundry, a private deck, 4 appliances, and 2 entrances. This solid brick property has 2 gas meters, 2 owned water tanks (main floor electric/upstairs gas), and 2 new hydro meters with new panel boxes installed for each unit in 2025. New Main floor AC unit was installed in August 2025. 10+ on-site parking spots, excellent illuminated signage, and unparalleled access to the back parking lot via private driveways on either side of the property, offering bright new exterior lighting (2025). Secured gated private storage/parking spot on site. Meticulously maintained and updated HVAC with central air. With a 50 x 100 ft lot, the property benefits from strong visual exposure, public transit access, and proximity to shopping and amenities. Future duplex conversion possible and development potential. Immediate possession available. Whether you’re expanding your portfolio or looking for your new home — this is a location you don’t want to miss! Subject to credit and other considerations, the vendor may consider a vendor take back mortgage (VTB). (id:65070)