LOCATION! LOCATION! LOCATION! Excellent opportunity to own a well-established, turn-key commercial plaza ideally situated in a high-traffic area and serving numerous surrounding subdivisions, with additional future residential development proposed nearby. The plaza features 3 established tenants generating approximately $100,000 per year in total rent, plus TMI, providing an attractive income-producing investment with a strong cap rate. Excellent visibility with easy ingress and egress. Additional development potential allows for approximately 4,000 sq. ft. of additional space above the existing plaza, suitable for rental apartments or professional office space, subject to municipal approvals. Offered for sale by the original owner who built the plaza. A rare opportunity combining stable rental income with future development upside. Do not disturb tenants. (id:13843)
| MLS # | N13774818 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 53 |
| Listing Provided By | REMAX YOUR COMMUNITY REALTY | EUGENIO STURINO |
| SQ Feet | 4,000 |
|---|---|
| Zoning | Commercial |
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
| Water Source | Municipal water |
|---|
| Tax Annual Amount | 8900 |
|---|
| Province | ON |
|---|---|
| City | New Tecumseth (Alliston) |
| Postal Code | L9R1N3 |
| Listing VS Median (in L9R1N3) | |
Price: $1,899,900 low | high Med: $500,934 sqft: 4,000 low | high Med: 1,550 $ / sqft: $475 low | high Med: $251 On site: 53 low | high Med: 22.5 | |
| Province | ON |
|---|---|
| City | New Tecumseth (Alliston) |
| Postal Code | L9R1N3 |
| Listing VS Median (in L9R1N3) | |
Price: $1,899,900 low | high Med: $500,934 sqft: 4,000 low | high Med: 1,550 $ / sqft: $475 low | high Med: $251 On site: 53 low | high Med: 22.5 | |