256-258 Scott ST
Fort Frances, Ontario
- Multi-family
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.
Price History
Schools
Elementary
- Robert Moore Public School0.8 km
Public · Rainy River DSB · 285 students
Grade 3 reading: 63% met the provincial standard · Grade 6 math: 19% met the provincial standard
- J W Walker Public School1.7 km
Public · Rainy River DSB · 225 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 38% met the provincial standard
- St Mary Separate School1.8 km
Catholic · Northwest CDSB · 455 students
Grade 3 reading: 75% met the provincial standard · Grade 6 math: 28% met the provincial standard
Secondary
- Fort Frances High School2 km
Public · Rainy River DSB · 670 students
Grade 10 literacy: 69% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area P9A
- Population
- 10,079
- Private dwellings
- 5,176
- Median age
- 44.8
- Average household size
- 2.3
- Median household income
- $82,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Fort Frances · last 12 months
- Median sold price
- $268,000
- Homes sold
- 15
- Median days on market
- 17
- Sale-to-list price
- 103.3%
Based on 15 recorded sales of multi-family properties in Fort Frances over the last 12 months.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$53,600
Estimated Monthly Payment
$1,317
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,317/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $67/mo
Estimates only. Consult a financial advisor.
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