Rare redevelopment opportunity on Bank Street! Offering 5.73 acres of Commercial (RC) zoned land with 167 ft of frontage, this property is priced at land value with exceptional potential for commercial or industrial use. Currently improved with a fully tenanted former motel featuring 10 residential units (1 x 3-bedroom home and 9 studio suites) and approximately 20 parking spaces, providing holding income while planning your future build. Updates include newer water system, roof, windows, and septic systems. One hydro meter services the property. Situated minutes to Hwy 417 and major transport routes, this site is ideal for redevelopment, expansion, or strategic land banking. Financials available upon request. Outstanding opportunity to capitalize on a booming commercial corridor! (id:37351)
MLS® Number | X12375213 |
Property Type | Multi-family |
Community Name | 1605 - Osgoode Twp North of Reg Rd 6 |
ParkingSpaceTotal | 20 |
BathroomTotal | 11 |
BedroomsAboveGround | 12 |
BedroomsTotal | 12 |
Age | 31 To 50 Years |
Amenities | Separate Electricity Meters |
Appliances | Water Heater, Water Purifier, Water Softener, Water Treatment |
ArchitecturalStyle | Bungalow |
BasementType | Partial |
ExteriorFinish | Stone, Aluminum Siding |
FoundationType | Concrete |
HeatingFuel | Propane |
HeatingType | Forced Air |
StoriesTotal | 1 |
SizeInterior | 5,000 - 100,000 Ft2 |
Type | Other |
No Garage |
Acreage | Yes |
Sewer | Septic System |
SizeIrregular | 167 X 970 Acre |
SizeTotalText | 167 X 970 Acre|5 - 9.99 Acres |
ZoningDescription | Rural Commercial (rc) |
Contact us for more information
Charles Khouri
Salesperson
(613) 725-1171
(613) 725-3323
www.teamrealty.ca/