Prime investment and development potential. This mixed use building and land is located at 587-591 Bay Street and it consists of a commercial storefront with an additional commercial space in back that currently rents the vacant lot (591 Bay Street) and a second floor residential space which features 3 bedrooms, 1 bath EIK, living room, dining room combo. The building is approx 2600 square ft - lot size 26x82 and zoning is C4-2 (R6 equivalent). 591 Bay Street is vacant lot (26x75) C4-2 zoning/R6 equivalent. 1st floor commercial lease is Metro by T-mobile and paying 3350 monthly and second commercial space is paying 2275 monthly. The 3 bedroom, 1 bath residential unit is currently vacant and can rent for 3400-3800 monthly. This property can be operating at a 7 cap rate with potential to build and expand. See attached survey, and architectural proposals for new buildings.