34
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$1,995,000
Est. payment /mo
16,590 SqFt
New
623-655 Laurier St ST Clarence-rockland, ON K4K 1E7
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Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 16,590 sqft
Price per Sqft $120
Subdivision 606 - Town Of Rockland
MLS Listing ID X14120654
Annual Tax Amount $6,500
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
An exciting investment and development opportunity in the heart of Rockland! Offered together, 623-655 Laurier Street comprises two neighbouring properties with approximately 20,000 sq. ft. of combined land, featuring a tenanted commercial restaurant building and a two-unit residential property. The restaurant generates $54,000 in annual rental income, with approximately three years remaining on its current lease, while the two-bedroom apartments generate a combined $1,850 per month. With existing income in place, investors have the opportunity to hold the properties while exploring their future plans. Located in growing Clarence-Rockland, which experienced 8.1% population growth between 2016 and 2021, the properties benefit from proximity to local amenities, Dutrisac Park, the Ottawa River, and Highway 174 with convenient access to Ottawa and Orléans. Whether you're looking to maintain the existing uses, reposition the buildings, or explore future infill or mixed-use development potential, this versatile offering presents an opportunity worth investigating. The properties are held under separate titles and have different zoning designations.
Location
Province ON
County Prescott And Russell
Area Prescott And Russell
Interior
Cooling Partial
Exterior
Utilities Available Available
Lot Frontage 16590.5
Lot Depth 126.37
Others
Security Features No
ParcelsYN No
Listed by SYNERCAPITAL INVESTMENT REALTY
NEARBY SCHOOL & BUSINESS
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