Generally speaking, the popularity of Mixed-Use Developments in the US is impacting the Ontario Real Estate marketplace. As a simple definition, it is a type of urban development, urban planning, and zoning type. The zoning blends residential, commercial, cultural, institutional, or entertainment uses into one space.
In addition, these kinds of developments, involve three or more significant uses such as retail, office, residential, or cultural. The entertainment complex, including movie theatres and restaurants, must provide a destination point in itself.
Is it a mixed-use building commercial?
Mixed–use commercial property is either a building or a land development that includes both residential and commercial space. For example, a structure that has office space on the ground floor and apartment units on the top floor.
Additionally, having this kind of investment has many advantages, for example, high income from rental units, people love living in these units because they have access to many amenities. They can live, work, play, etc. On the other hand, it is difficult to manage the property, that the owner should hire a property manager.
Is It a Good Investment?
Mixed–use developments are considered to be safe investments because there include a variety of uses and tenants. This provides investors with diversification and less risk due to there not being one large tenant whose vacancy could negatively impact them.
Additionally, We are working with a high range of investors. Please reply if you have an income property for sale! Commercial Real Estate is our specialty, our team is here to help our clients through their deals.
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HIGHLY CONFIDENTIAL SALE, Call Babak Mehrabi Commercial agent with Century21 Heritage Group Ltd.
If you are looking for a zoning information, please see the link below: