For Sale: 511-513 St Philippe Street, Alfred, ON - REW
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$2,875,000
0 bd • ba • 3 sf • Multifamily
511-513 St Philippe Street
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$2,875,000
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511-513 St-Philippe StreetAlfred, ON, K0B 1A0

  • 0 Bed
  • Bath
  • 3 Sqft
  • Multifamily

About this home

This exceptional mixed-use investment opportunity in Alfred offers a rare combination of scale, stability, and significant upside potential. Set on approximately 3.7 acres, the property benefits from multiple access points, including direct highway access, providing excellent visibility, accessibility, and operational efficiency. The property includes 30 residential units plus 1 commercial unit, with a portion of the residential dwellings currently owner and family-occupied. This presents immediate upside potential, as full market rental of these units would further enhance overall income performance. There is also additional potential to convert up to 2 more residential units. The main income cluster consists of the former Motel Rouleau, successfully converted into 16 fully rented bachelor-style residential units, along with a shared coin-operated laundromat for tenants. Attached is a two-storey residence offering flexibility, including two kitchens already in place and the option to convert the main level back into a duplex. The basement is currently operating as a nail salon (tenant vacating upon sale), providing an immediate opportunity to convert back into an additional residential unit. Adjacent is another self-contained residential unit. To the west, a separate 10-plex offers all 1-bedroom units, with its own laundromat and dedicated parking. The property also includes a large well-maintained bungalow with an attached garage & another renovated bungalow currently tenant occupied. The basement of this bungalow has been converted into 12 fully rented storage units. With strong in-place tenancy, diversified income across residential, commercial, and storage components, and upside through occupancy optimization and future conversions, this is a rare turnkey portfolio with exceptional income stability and long-term growth potential. (id:63626)
Listed by: Michel Desnoyers, Broker of Record, RE/MAX DELTA REALTY

Home facts and features

Price details
List Price
$2,875,000
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Gross Taxes for 2026
$30,335
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Lot Size
85 ft x 0 ft (3.27 acres)
Depth
Frontage
85.7 feet
Heating Type
Baseboard heaters
Cooling
Fully air conditioned
Agent details
Primary Agent
Michel Desnoyers
Primary Broker
RE/MAX DELTA REALTY
Secondary Agent
Secondary Broker
RE/MAX DELTA REALTY
Listing details
Days on REW
18 Days
MLS® Number
X13152198
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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É Élém C Saint-Victor
  • Catholic
  • JK - 6
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Call Agent
Broker of Record
Michel Desnoyers
Phone:
(613) 223-8771
Office:
343-765-7653
Salesperson
Marie-Eve Desnoyers
Phone:
(613) 295-5025
Office:
343-765-7653
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