256-258 Scott Street, Fort Frances
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. (id:1945)
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Property details for 256-258 Scott Street, Fort Frances
- Type
- Commercial
- Bathrooms
- 5
- Living Area
- 4,596 square feet
- Lot Size
- 25.29 x 155 FT
- Heating
- Natural gas, Other
- Cooling
- Fully air conditioned
- Exterior
- Concrete
- Annual Taxes
- $5,285
Nearby Listings Stat
Estimated price and comparable properties near 256-258 Scott Street
Active Listings
1
Min Price
$268,000
Max Price
$268,000
Avg Price
$268,000
Days on Market
161
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Fort Frances, Ontario
Population
483
Median Age
48
Median Income
$31,648
Dwelling Value
$179,230
Housing Tenure
Owners 43%
Renters 56%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.7
Pop. Density: 802.5/km²
Avg Shelter Cost: $1,073/mo
Owners with Mortgage: 46.2%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 48.5%
English only: 95.8%
English and French: 4.2%
Median Household Income: $43,136
Median Employment Income: $30,613
Price History
Listed
April 8, 2026
by CENTURY 21 NORTHERN CHOICE REALTY LTD.
Current Price
$268,000
Type
Commercial
For Sale
