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$998,000
Available - For Sale
Listing ID: X11935392
INVESTORS TAKE NOTE: THIS PROPERTY IS PERFECT FOR REDEVELOPMENT: Part of the Downtown Markdale Development area this lot is ready for commercial investment. It fronts directly onto Hwy 10 at one of the busiest intersections in Grey County. It is a restaurant in the lower level and 3 apartments above. In it's current form, it is only using half the lot space, this would be perfect for for a multi story apt building with lower level retail. It is a short walk to the 300 unit subdivision currently under construction with by Devonleigh Homes across the street, with most homes in Phase 1 already occupied. Don't miss this opportunity to get into this growing community, with over 600 hundred homes slated for construction in Markdale this is a very unique offering to own a part of downtown core. REDEVLOPMENT OPPORTUNITY - The town has indicated that they would encourage any buyer to consider redeveloping the land and that council would engage with any developer who brought a vision for the land and that the lot could house a multi unit building potentially of 4 storeys.
Price $998,000
Taxes: $5,500
Tax Type: Annual
Occupancy by: Tenant
Address: 16-20 TORONTO St South , Grey Highlands, N0C 1H0, Ontario
Postal Code: N0C 1H0
Province/State: Ontario
Legal Description: PT LT 2 BLK E PL 582 MARKDALE AS IN R385
Lot Size: 79 x 165 (Feet)
Directions/Cross Streets: Located on the west side of Hwy 10 (Toronto St) at the intersection in Markdale.
Zoning: C1
Category: With Property
Use: Restaurant
Total Area: 5,582
Total Area Code:  Sq Ft
Office/Appartment Area: 2400
Office/Appartment Area Code: Sq Ft
Retail Area: 3182
Retail Area Code: Sq Ft
Area Influences: Major Highway   Skiing
Financial Statement: N
Chattels: N
Franchise: N
Hours Open: 9 am
Employees #: 8
Seats: 40
LLBO: N
Heat Type: Gas Hot Water
Central Air Conditioning: N
Sewers: Sanitary
Water: Municipal
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Century 21 In-Studio Realty Inc.

16-20 TORONTO St South , Grey Highlands, N0C 1H0, Ontario


 
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At a Glance:
Type: Com - Sale Of Business
Area: Grey County
Municipality: Grey Highlands
Neighbourhood: Markdale
Style:
Lot Size: 79.00 x 165.00(Feet)
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Tax: $5,500
Maintenance Fee: $0
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