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$XXX,XXX
Status: OFF MARKET
170 Wellington Street is situated on a 0.59 acre parcel improved with a 7,790 square foot, multi-tenant commercial building. Conveniently situated in an area predominated by residential uses, the Property offers access to a deep consumer base while maintaining a short walk to downtown St. Thomas providing access to various retail and commercial amenities. With flexible Fourth Residential (R4-34) zoning, the Site allows for an assortment of permitted uses. Currently, the premises are leased to several tenants including a fitness centre, massage therapist and day spa. The remaining 2,837 square feet is presently vacant offering an exceptional opportunity for an owner-occupier or an investor looking to create value through a backfilling lease program. The Offering also represents a rare opportunity to make use of an income-producing property with future development potential as the underlying zoning entitlement permits a variety of low to medium density residential build.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X8284816 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :30 Apr, 2024 (201 Days ago) |
| Source | :TRREB |
| Area | :Elgin |
|---|---|
| Postal Code | :
N5R 2S1
|
| Price | : $1,295,000 |
|---|---|
| Property Taxes | :$14601.96 |
| Tax Year | :2022 |
|---|
| Cross Street | :N/A |
|---|
30 Apr, 2024
TREB #X8284816
Available
$1295000.0
$XXX,XXX
170 Wellington, Elgin, Ontario
Listing ID #X8284816
Price drop by $100,000