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:55625)
| MLS® Number | X12375213 |
| Property Type | Multi-family |
| Community Name | 1605 - Osgoode Twp North of Reg Rd 6 |
| Parking Space Total | 20 |
| Bathroom Total | 11 |
| Bedrooms Above Ground | 12 |
| Bedrooms Total | 12 |
| Age | 31 To 50 Years |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater, Water Purifier, Water Softener, Water Treatment |
| Architectural Style | Bungalow |
| Basement Type | Partial |
| Exterior Finish | Stone, Aluminum Siding |
| Foundation Type | Concrete |
| Heating Fuel | Propane |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 5,000 - 100,000 Ft2 |
| Type | Other |
| No Garage |
| Acreage | Yes |
| Sewer | Septic System |
| Size Irregular | 167 X 970 Acre |
| Size Total Text | 167 X 970 Acre|5 - 9.99 Acres |
| Zoning Description | Rural Commercial (rc) |
Charles Khouri
Salesperson
(613) 725-1171
(613) 725-3323
www.teamrealty.ca/
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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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