For Sale: 350 St Philippe Street, Alfred, ON - REW
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$449,900
2 bd • 1 ba • 700 - 1099 sf • Multifamily
350 St Philippe Street
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$449,900
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350 St Philippe StreetAlfred, ON, K0B 1A0

  • 2 Bed
  • 1 Bath
  • 700 - 1099 Sqft
  • Multifamily

About this home

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! (id:63626)
Listed by: Saadiq Hussain, Salesperson, EXP REALTY OF CANADA INC.

Home facts and features

Price details
List Price
$449,900
Get Pre-Approved
Gross Taxes for 2026
$3,560
Home facts
Bedrooms
2
Full Bathrooms
1
Parking Spaces
1
Parking Details
No Garage, Shared
Property Type
Multifamily
Lot Size
87 ft x 62 ft (5502 ft²)
Depth
62.6 feet
Frontage
87.1 feet
Exterior Finish
Aluminum siding
Heating Type
Forced air, Natural gas
Basement Details
Partial
Features
Carpet Free, Separate Electricity Meters, Separate Heating Controls
Agent details
Primary Agent
Saadiq Hussain
Primary Broker
EXP REALTY OF CANADA INC.
Listing details
Days on REW
2 Days
MLS® Number
X14160442
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Property Insights

É Élém C Saint-Victor
  • Catholic
  • JK - 6
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Salesperson
Saadiq Hussain
Phone:
(613) 860-7355
Office:
866-530-7737
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