REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,500,000
Est. payment | /mo
5 SqFt
$ 1,500,000
Est. payment | /mo
5 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 5 sqft
Price per Sqft $300,000
MLS Listing ID X9518366
Annual Tax Amount $10,269
Tax Year 2024
Property Description
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!
Location
State ON
County Ottawa
Community 1605 - Osgoode Twp North Of Reg Rd 6
Area Ottawa
Zoning RC
Region 1605 - Osgoode Twp North of Reg Rd 6
City Region 1605 - Osgoode Twp North of Reg Rd 6
Rooms
Family Room No
Interior
Cooling No
Exterior
Utilities Available Unknown
Roof Type Unknown
Lot Frontage 167.0
Lot Depth 970.0
Others
Security Features Unknown
Pets Allowed Unknown
Listed by ROYAL LEPAGE TEAM REALTY