256-258 Scott ST
Fort Frances, Ontario
MLS® TB2600651
$268,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- TB2600651
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 21Listing description
Excellent investment opportunity with strong income potential! This well-maintained commercial building, formerly home to The Pink Parasol Tea Room, is in great condition and offers numerous upgrades throughout. The main floor features a bright, inviting commercial space complete with a kitchenette, built-in seating, and a fully accessible washroom.
A full basement provides additional space for storage or office use, along with a second washroom. Security alarm and camera system equipment are included. The upper-level commercial space is currently tenanted with a signed 2-year lease beginning November 2025.
Two residential units are also in place on month-to-month tenancies, and main floor has a 2 year lease starting June 2026, offering immediate income with future flexibility. Extensive updates include a new roof (2024), renovated apartments (2019), kitchenette addition (2024), updated LED lighting (January 2021), and new flooring and ceiling throughout the main floor (January 2021). A recently added rear staircase and four dedicated parking spaces further enhance accessibility and functionality.
A turnkey, income-generating property with solid returns and quality updates throughout, ideal for investors or owner-operators.
Property summary
- MLS® number
- TB2600651
- Property type
- Multi-family
- Square footage
- 4,596 sq ft
- Annual property taxes
- $5,285.00
- Parking
- Other, Parking Space(s), Rear
- Days on market
- 140 days
Features & details
- Heating
- Forced air, Natural gas
- Exterior features
- Concrete Block
- Community features
- Bus Route
What would this home cost you?
Based on the $268,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of CENTURY 21 NORTHERN CHOICE REALTY LTD., KENORA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.