Maximum 4 project can be compared at one go.
$1,999,000
Status: For Sale
Huge price reduction - priced to move! Fantastic construction-ready residential conversion! Permits are complete and set to be issued pending payment of DCs and Parkland fees! If you're looking for a profitable redevelopment project that is truly hammer-ready, this is it. Plans include retaining main floor commercial while developing 8 new residential units (5 X 2-bed, 3 X 1-bed). Take it a step further by dividing the main floor into smaller units for a higher PSF lease value. Situated steps from a future LRT station, this building has significant cashflow and appreciation value. If development isn't your thing, the existing structure is ready to lease in its current state as offices, retail, hospitality, etc. thanks to generous D2 zoning! Tremendous potential for investors, end-users, and developers alike. Clean Phase 1 Environmental on-hand. Plans, proforma, and additional information available upon request. This amount of usable square footage is incredibly rare on the LRT route. Don't miss this remarkable opportunity!
| Price | : $1,999,000 |
|---|---|
| Property Taxes | :$23921.00 |
| Tax Year | :2024 |
|---|
| Cross Street | :Immediately east of Wellington Street North on the north side of King Street East |
|---|
02 Nov, 2024
TREB #X10403956
Available
$1999000.0
Sign in to view full price history of this property
