This commercial property offers 5.73 acres of Rural Commercial (RC) zoned land, suitable for various industrial and commercial uses, with 167 feet of frontage on Bank Street. Formerly a motel, it includes +/- 20 parking spots. Currently houses 10 residential units (1 x 3-bedroom house and 9 bachelor apartments). Ideal for adding more units, increasing rental income, operating a business, or utilizing the building and land for storage. Updates include a new water system (2011), roof (2009), newer windows (2018), and two septic tanks (2007 & 2021). One hydro meter services the entire property. Ideal for development with proximity to Highway 417 and major transport routes. 20-minute drive to Highway 417. Rent rolls and expense statements are available on request. Vendor open to offering a limited vendor take-back (VTB) mortgage option. Buyer to conduct their own due diligence. Don't miss this rare opportunity in a booming rural setting with huge commercial potential! (id:48414)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | X9518366 |
| Property Type | Multi-family |
| Neigbourhood | Greely |
| Community Name | 1605 - Osgoode Twp North of Reg Rd 6 |
| Features | Irregular Lot Size |
| Parking Space Total | 20 |
| Size Interior | 5.73 Acres |
| Type | Multi-family |
| Access Type | Highway Access, Year-round Access |
| Acreage | No |
| Sewer | Septic System |
| Size Depth | 970 Ft |
| Size Frontage | 167 Ft |
| Size Irregular | Unit=167 X 970 Ft ; 1 |
| Size Total Text | Unit=167 X 970 Ft ; 1 |
| Zoning Description | Rc |
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