Descripation

Outstanding mixed-use investment opportunity in the heart of Downtown Madoc! Situated along the highly visible Highway 62 corridor, this versatile property offers an excellent combination of residential rental income, vacant commercial space, and future growth potential. The approximately 7,840 sq. ft. property features a vacant main-floor commercial storefront, previously operated as a liquidation store, along with two spacious two-bedroom residential apartments, each featuring a four-piece bathroom. The vacant commercial unit provides an opportunity for investors or business owners to establish their own operation or secure a new tenant at market rent. With five separate hydro meters, tenant-paid electricity, a gas furnace, and an owned hot water tank, the property offers practical features for ongoing management. Additional highlights include ample parking, a detached double garage with a concrete pad, and a picturesque setting backing onto Deer Creek. The sale also includes 26-30 Durham Street South and two separately assessed vacant lots measuring approximately 21.10' x 96.36' and 27.4' x 96', offering additional flexibility and potential for future development, subject to municipal approvals. The third-floor loft, previously occupied, presents another opportunity for restoration and potential additional living or usable space, subject to necessary approvals. Ideally located along a well-travelled route through Madoc's downtown core, this unique offering provides investors, entrepreneurs, and developers with multiple possibilities to maximize value in a central and highly accessible location.