5
Bedrooms
3
Bathrooms
10,240
Square Feet
6,050 sq ft
Lot Size
2.5 Storeys
Built in
1951
$4,742
Annual Taxes
Legal
Suite
Guest
Suite
Description
A UNIQUE INVESTMENT OPPORTUNITY!
Whether you are an entrepreneur seeking room to grow or a property developer looking for your next project , this distinctive brick-and-beam seed mill offers the perfect canvas to bring your vision to life. Priced at less than half of its replacement cost, the building combines solid 1950s construction with unique materials ready for your creative touch.
INCOME POTENTIAL!
Develop its commercial potential, convert it into up to 10 residential units, or use it as-is with two completed apartments, plus 3,000 sq. ft. of finished commercial space, and 4,000 sq. ft. of shop, storage, or future development space.
ENJOY IT AS IS!
For 30 years, Michael has enjoyed owning and working in this building. He has lived in the unique New York–style loft apartment and appreciated a three-step commute each day. Over the years, tenants in the upper three-bedroom loft apartment, additional commercial space, and the adjoining residential/commercial rental property have covered the cost of ownership—leaving Michael 4,000–7,000 sq. ft. to pursue his own business and hobbies.
PARKING
On-site parking is limited to 4–5 spaces on the west side of the building—sufficient for three residential units, allowing for one additional residential unit. As part of the downtown Core Commercial Area, parking is not required for commercial uses, as street parking is available. If additional parking is needed, the adjacent property is also available.
ADJOINING PROPERTY
The adjoining Property, 385 Andrew Street, is owned under separate title. This corner property adjoins 15 John Street East along its western boundary. The 10,943 sq. ft. lot includes a 2,188 sq. ft., 1¾-storey yellow brick home from the 1890s, a white cedar fence enclosing the backyard, a detached one-car garage, and an enclosed garden accessible from the main-floor apartment at 15 John Street East. The adjoining property also includes a six-vehicle parking lot. The lot is large enough that the parking area and garden could be severed and added to 15 John Street East without compromising the remaining property. The owner is open to either a severance or the sale of the entire adjoining property — determine your preference and make an offer for both properties.
I am happy to answer any questions and schedule your property viewing!
NOW IT'S YOUR TURN TO ENJOY THE BENEFITS THIS UNIQUE PROPERTY OFFERS.
Property Features
MLS® System # X13469440
Property Type Commercial Space / Home Business Potential / Revenue Property
Ad Type For Sale
Ownership Freehold / Fee Simple
Parking Attached Garage / Other Parking / Street Parking
Asking Price $1,105,920
Location
Address 15 John Street East
Neighbourhood Municipality of South Huron
City Exeter
Province / State Ontario
Postal / ZIP NOM1S7
Country Canada
Bathroom Types
Bathroom 1 4pc Bathroom
Bathroom 2 4pc Bathroom
Bathroom 3 2pc Bathroom