183 Queen Street
Port Perry, Scugog, L9L 1B8
$6,995,000
Reduced $1,000,000 from $7,995,000
Listed 501 days ago · MLS® E12199797
About this home
PRICE REDUCED. A rare opportunity to acquire one of downtown Port Perry's most iconic landmark investment properties. This fully occupied mixed-use asset features six established commercial tenants and 11 residential apartment suites, offering immediate, stable cash flow. ---||--- Formerly known as the Settlement House, this distinguished heritage building is one of the most recognizable properties in Port Perry's Historic Downtown Heritage Conservation District. Occupying a premier, high-exposure location directly across from the renowned Port Perry Post Office and surrounded by major banks, the public library, pharmacy, boutique shopping, restaurants, and the vibrant downtown core, the property enjoys exceptional visibility and year-round pedestrian traffic. Just steps from the waterfront, parks, and popular community events, it benefits from both a loyal local customer base and a steady stream of tourists. ---||--- This is more than an income property-it's a cornerstone of Port Perry's commercial district and a true trophy asset with enduring character, irreplaceable location, and long-term investment appeal. The diversified tenant mix provides reliable income, while the residential component offers meaningful revenue growth as suites transition to market rents. ---||--- Ideally situated only 15-20 minutes from Highways 407 and 412, and approximately 45 minutes from Toronto's DVP/Highway 401 interchange, the property combines small-town charm with convenient access to the Greater Toronto Area, making it well positioned to benefit from continued regional growth and increasing demand. ---||--- Whether you're expanding an investment portfolio, completing a 1031-style exchange, or seeking a landmark asset with stable income, positive cash flow, and long-term appreciation potential, this is a rare opportunity to own one of Durham Region's most prestigious downtown commercial properties.
Details
- Type
- Investment
- Age
- 100+ years
- Lot
- 90.35 × 186.87 ft
- Garage
- Outside/Surface
- Property tax
- $75,233 (2024)
- Neighbourhood
- Port Perry
- Municipality
- Scugog
Heating, cooling and services
- Heating
- Electric Forced Air
- Air conditioning
- Yes
- Utilities
- Yes
Building and exterior
- Age
- 100+
- Building area
- 23,262 Square Feet
More
- Possession
- TBD
- Cross street
- Queen & Water
- Business type
- Apts - 13 To 20 Units
History of this address
1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.
Listed by RE/MAX HALLMARK EASTERN REALTY.
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.