Size
-
Lot size
5 sqft
Street frontage
-
Possession
2025-09-02
Price per sqft
$22 - $290
Taxes
$10,994 (2025)
Parking Type
-
Style
Bungalow
See what's nearby
Description
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!
Broker: ROYAL LEPAGE TEAM REALTY
MLS®#: X12375213
Property details
Parking:
20
Parking type:
-
Property type:
Multiplex
Heating type:
Forced Air
Style:
Bungalow
MLS Size:
5000-65535 sqft
Lot front:
167 Ft
Lot depth:
970 Ft
Listed on:
Sep 2, 2025
Show all details
Instant estimate:
orto view instant estimate
$39,007
higher than listed pricei
High
$1,563,457
Mid
$1,489,007
Low
$1,414,557
Have a home? See what it's worth with an instant estimate
Use our AI-assisted tool to get an instant estimate of your home's value, up-to-date neighbourhood sales data, and tips on how to sell for more.