Description

Listed by Home and Property Real Estate Ltd.

This 1928 two-story red brick beauty at 33 Main Street East is situated on a prime corner lot in the heart of downtown Drayton. The property blends timeless character with a massive future upside. Whether you're looking for a professional office location, a retail store, or a space that can once again function as both an attractive residence and an on-site business operating out of the large insulated heated garage/shop, there are some tremendous strategic investment opportunities here. The large rectangular lot, with access from two streets, offers potential to sever the back portion of the property into an additional building lot. Or conversely, the existing property could be redeveloped to accommodate additional on-site customer parking, as well as two completely separate commercial enterprises (one in the home, and one in the shop).Other options include transforming the shop into a comfortable two bedroom ARU (Accessory Residential Unit), offering rental income of $1,600 - $2,400+ per month. This makes an already attractive property that much more affordable. Or simply keep it as a residential property for the time being, knowing that these commercial possibilities can be exercised at a later date. In any case, this charming century home in a high visibility location is a special opportunity and a definite "must see".