256-258 Scott St

About this Property

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.

Listing Details

MLS #

X13244874

Board

PROPTX

Market

ontario

Property Type

Commercial/Retail

Style

Multi-Use

Garage

None

Parking Spaces

4

Basement

Y

Heating

Other

Cooling

Y

Pool

None

Lot Size

25.29 × 155 ft

Annual Taxes

$5,285/yr

Listed By

Century 21 Northern Choice Realty Ltd.

Listed On

April 8, 2026

Features & Extras