For sale in Downtown Belle River, 540 Notre Dame is a prime mixed-use investment with value-add potential, offered at $1,399,999. The property includes 6 residential units (4 one-bedrooms, 2 two-bedrooms), 2 renovated commercial spaces (650 & 800 sq ft), and a detached full-brick duplex—all with room for rent increases. Immaculately maintained by owner-management. Current NOI is $81,098 (6.0% CAP) with projected $122,266 (9.1% CAP) through updates and leasing. Several residential units are upgraded, others offer renovation upside. Structurally sound with a roof approx. 8 years old, 8 parking spaces, and free street parking. Ideally located on Notre Dame Street, walkable to shops, restaurants, parks, and the waterfront—this is a rare opportunity in one of Lakeshore’s fastest-growing communities. (id:4069)
Address
540 NOTRE DAME
List Price
$1,399,999
Property Type
Multi-family
Type of Dwelling
Multi-Family
Transaction Type
Sale
Area
Ontario
Sub-Area
Lakeshore
Lot Size
52X131 / 0.157 AC Sq. Ft.
MLS® Number
25022826
Listing Brokerage
REMAX CAPITAL DIAMOND REALTY
Postal Code
N0R1A0
Zoning
C1
Amenities
Shopping Area
