Solid Investment Opportunity @ Prime Location in the Heart of Newcastle Village Surrounded by National Retail Anchors like LCBO, No Frills, CIBC, Shoppers Drugmart. Mixed-Use building with flexible zoning: includes 6000 SQFT commercial & 11 Apartments including both 1 bedroom and 2 bedroom options. All Commercial Tenants on NET leases, and all Residential Tenants Pay Separate Utilities! Building in great condition with many recent upgrades like electrical, roof, fire escape, etc. Great upside potential in Renewal Rates!
Address
71-85 King Avenue E
List Price
$3,675,000
MLS® Status
New
Expiration Date
2026-07-30
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Clarington
Sub-Area
Newcastle
Region
Durham
Bathrooms
2
Lot Depth
165
Lot Shape
Rectangular
Lot Type
Lot
Lot Size Units
Feet
Lot Width
82
Parcel Number
266590314
Total Building Area
12000
Occupant Type
Tenant
Cross Street
King Avenue E / Beaver St S
MLS® Number
E12841596
Listing Brokerage
ROYAL LEPAGE FRANK REAL ESTATE
Postal Code
L1C 1R2
Posession Details
Flexible
Tax Amount
$52,768.29
Tax Year
2025
Site Influences
Major Highway, Public Transit
Community Features
Major Highway, Public Transit
Standard Status
Active
Board Or Association
Central Lakes Association of REALTORS
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
Outside/Surface
Security Features
No
Sewer
Sanitary+Storm