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Active
256-258 Scott ST Fort Frances, ON P9A 1G7
5 Baths
UPDATED:
Key Details
Property Type Other Types
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID X13244874
Annual Tax Amount $5,285
Tax Year 2026
Property Sub-Type Commercial
Property 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.
Location
Province ON
County Rainy River
Area Rainy River
Rooms
Basement Yes
Interior
Interior Features Other
Cooling Yes
Inclusions Fridge, Stove, Washer and Dryer in Apartment A, Fridge and Stove in Apartment B. Security Alarm and Camera System
Exterior
Parking Features Other
Pool None
Roof Type Flat,Membrane
Road Frontage Municipal Road
Lot Frontage 25.29
Lot Depth 155.0
Building
Foundation Poured Concrete
Others
ParcelsYN No
Listed by CENTURY 21 NORTHERN CHOICE REALTY LTD.