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:4069)
Address
6637 BANK STREET
List Price
$1,450,000
Property Type
Multi-family
Type of Dwelling
Other
Style of Home
Bungalow
Transaction Type
Sale
Area
Ontario
Sub-Area
Ottawa
Bedrooms
12
Bathrooms
11
Floor Area
5000 - 100000 Sq. Ft.
Lot Size
167 x 970 Acre Sq. Ft.
MLS® Number
X12375213
Listing Brokerage
ROYAL LEPAGE TEAM REALTY
Basement Area
Partial
Postal Code
K0A2P0
Zoning
Rural Commercial (RC)
Amenities
Separate Electricity Meters
