54 Metcalfe St Elora

Offered at 2,099,900

Square Feet 3,829

Zoning N/A

MLS ID 40073477

The Story

Finding an investment property with incredible tenants and outstanding income is challenging enough, uncovering one in charming Elora is next level impressive. 54 Metcalfe Street generates a robust annual income with 2 commercial units plus a stunning residential space. Nestled between local artisans, acclaimed restaurants, and gentle green space in the bustling downtown core, this is one heck of a turn-key addition to your portfolio. The main level of the primary building consists of a bright and generous retail space with high visibility and extensive street traffic. Above this is a fabulous 2500 square-foot residence, spanning 2-storeys and boasting an abundance of natural light, dramatic architectural beams, and thoughtful finishes. With a tailored floor plan, high-end appliances, generous storage, and sublime views, this space will always be in high demand and provides a range of future functions. The delightful separate building at the rear of the property is a complete gem. Showcasing vast windows, polished floors, separate utilities, and a unique loft, this sweet space offers an array of prospective uses. Currently, all 3 units are leased and generate exceptional income as per the attached financials. Simply hold this one as a place-marker for your future plans. Elora is undeniably thriving and bespoke new developments are slated to elevate this charming town into a spectacular destination. Let’s chat soon.

Walk / Transit Score 66 / 43

Property Dimensions 28 X 132

Property Taxes $10,112

Year Built 2010

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