For Sale - 511-513 St-Philippe Street, Alfred and Plantagenet, Ontario

Est payment $13,805/mo
Views   2
Time on Jump  50 day
  • Mixed-use investment opportunity with 30 residential units and 1 commercial unit.
  • Multiple access points including direct highway access for visibility and efficiency.
  • Potential to convert up to 2 more residential units for increased income.
  • Strong in-place tenancy with diversified income from multiple sources.
  • Well-maintained properties with immediate upside potential for further growth.



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.
Listing IDX13152198
Address511-513 St-Philippe Street
CityAlfred and Plantagenet, Ontario
Price$2,875,000
StyleInvestment
TypeIndustrial/Commercial
StatusFor Sale
Subtype InvestmentHeating / Cooling Baseboard
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Listing Agency:  RE/MAX DELTA REALTY

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511-513 St-philippe Street
Alfred and Plantagenet , Ontario
$2,875,000
Get more info