Description

The historic Shafner Building (1901) offers a prime investment opportunity in downtown Bridgetown with both commercial and residential income potential. Exceptional curb appeal in a high-traffic location, this would make a perfect location for many different businesses. The property features over 2000 sq ft of freshly renovated main floor retail space, complete with staff room, washroom, and storage area. Currently leased to Elections Canada (vacating Summer 2025), the versatile space suits various business ventures. Four apartments on the upper floor generate steady monthly income of $3,450, with room for improvement as tenants vacate. The building has undergone extensive restoration, gutted to exterior walls and completely rebuilt with all new systems and energy-efficient heat pumps. Half the roof is new with remaining materials included at closing. Some exterior brickwork requires correction (estimated at $20K, reflected in asking price). Additional features include a 16' x 22' storage building, on-site parking, and an adjoining public parking lot. This landmark property combines Bridgetown history with immediate income and minimal maintenance concerns.