770 Fourth Avenue, Tay
Exceptional turnkey investment opportunity featuring a well-maintained mixed-use property with multiple income streams. The building offers six residential units, including five 2-bedroom apartments on the second floor (2 currently vacant for immediate rental upside) and one 1-bedroom unit on the ground floor. All existing tenants are long-term and have been committed. The balance of the ground floor is occupied by an established Anchor Post Office consisting of 2 units, providing stable commercial income. Additional revenue is generated by an on-site coin-operated washer and dryer. Five residential units have been updated with LED lighting, cupboards, countertops, backsplash, flooring, custom blinds, hardware and some newer sliding glass doors. Each individual unit has its own baseboard heating. The roof is approximately 6 years old with a 25-year warranty, and the building is monitored by 5 security cameras. Parking includes 6 tenant spaces, 2 visitor spaces, handicap parking at the rear, plus dedicated front parking and side shipping space for the Post Office . Basic city garbage containers are conveniently located at the rear. A long-term tenant voluntarily assists with minor on-site maintenance, making this an even more attractive hands-off investment. Ideally located within walking distance to restaurants, convenience stores, beaches, and scenic walking trails, including nearby Pride Point, Awenda Provincial Park, and Port McNicoll Pier. Comprehensive due diligence is available for qualified buyers, including all residential leases, Anchor Post Office lease details, Profit & Loss statements for 2024, 2025 and year-to-date 2026, plus utility and property tax information. A rare opportunity to acquire a stabilized income-producing asset with diversified revenue, documented financials, immediate upside through two vacant units, and excellent long-term investment potential with a Perpetual Lease. (id:1945)
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Property details for 770 Fourth Avenue, Tay
- Type
- Commercial
- Bathrooms
- 7
- Lot Size
- Bldg=84 x 126 FT
- Heating
- Baseboard heaters, Hot Water
- Cooling
- None
- Annual Taxes
- $6,822 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 770 Fourth Avenue
Active Listings
1
Min Price
$3,488,000
Max Price
$3,488,000
Avg Price
$3,488,000
Days on Market
48
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
Tay, Ontario
Population
384
Median Age
48.1
Median Income
$27,968
Dwelling Value
$179,368
Housing Tenure
Owners 91%
Renters 13%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.3
Pop. Density: 1,377.8/km²
Avg Shelter Cost: $1,063/mo
Owners with Mortgage: 82.1%
Owners Spending 30%+: 25%
Tenants Spending 30%+: 0%
English only: 94.8%
English and French: 5.2%
Median Household Income: $54,144
Median Employment Income: $30,528
Price History
Listed
July 29, 2026
by RIGHT AT HOME REALTY
Current Price
$3,488,000
Type
Commercial
For Sale
