6637 Bank Street, Greely - Metcalfe - Osgoode - Vernon and | Image 1
$1,500,000
For Sale

Added 1 month ago

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  • Type: Land

  • Property Type: Commercial

  • Zoning: Rural Commercial

  • Age: 31-50 years

  • Taxes: 10269

  • MLS®#: X11987132

  • Days on Site: 1 Days

  • Added: Feb 24, 2025 (1 month ago)

  • Updated:

  • Last Checked: 2 weeks ago

  • Listed By: ROYAL LEPAGE TEAM REALTY

This commercial property offers 5.73 acres of Rural Commercial (RC) zoned land, suitable for various industrial and commercial uses, with 167 feet of frontage on Bank Street. Formerly a motel, it includes +/- 20 parking spots. Currently houses 10 residential units (1 x 3-bedroom house and 9 bachelor apartments). Ideal for adding more units, increasing rental income, operating a business, or utilizing the building and land for storage. Priced for land value at only $261,780/Acre, this property is an excellent redevelopment opportunity. Updates include a new water system (2011), roof (2009), newer windows (2018), and two septic tanks (2007 & 2021). One hydro meter services the entire property. Ideal for development with proximity to Highway 417 and major transport routes. 20-minute drive to Highway 417. Rent rolls and expense statements are available on request. Vendor open to offering a limited vendor take-back (VTB) mortgage option. Don't miss this rare opportunity in a booming industrial setting with huge commercial potential!

Property

  • Status: Sale

  • Property Type: Land

  • Property Type: Designated

  • Age: 31-50

  • Area: Greely - Metcalfe - Osgoode - Vernon and

  • Community: 1605 - Osgoode Twp North of Reg Rd 6

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Elevator: None

  • Energy Certificate: N

  • Green Verification Status: N

  • Water Supply Type: Drilled Well

  • Freestanding: Y

  • Outside Storage: Y

  • Water Supply: Well

Parking

  • Garage Type: None

  • Covered Parking Spaces: 20

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 13 CON 6 OSGOODE AS IN NS234170 ; OSGOODE

  • Taxes: $10,269

  • Expenses: Act

  • Taxes Type: Annual

Land

  • Cross Street: Bank Street & Cenote

  • Municipality District: Greely - Metcalfe - Osgoode - Vernon and Are

  • Parcel Number: 043200171

  • Sewer: Septic

  • Lot Depth: 970 Feet

  • Lot Frontage: 167 Feet

  • Zoning: Rural Commercial

Additional Media

  • Virtual Tour: https://www.6637bank.com/

Commercial Specific

  • Total Area: 5.73

  • Total Area Metric: Acres

  • Franchise: N

  • Lot Code: Lot

  • Soil Test: N

  • Gross Income/Sales: 93480

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JK-8

Vimy Ridge Public School

Elementary: Public
10.29 km
JK-6

St Catherine Elementary School

Elementary: Catholic
4.27 km
JK-6

Greely Elementary School

Elementary: Public
3.68 km
JK-8

Metcalfe Public School

Elementary: Public
4.24 km
JK-6

St Mary (Gloucester) Elementary School

Elementary: Catholic
5.39 km
JK-8

Castor Valley Elementary School

Elementary: Public
3.31 km
9-12

École secondaire publique L'Alternative

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17.11 km
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Russell High School

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12.58 km
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St. Thomas Aquinas Catholic High School

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13.23 km
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Osgoode Township High School

Secondary: Public
4.52 km
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St Mark High School

Secondary: Catholic
9.87 km
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St. Francis Xavier (9-12) Catholic School

Secondary: Catholic
12.63 km
For Sale
1 month ago
$1,500,000
  • 0 bath
  • 0 bed

6637 BANK Street, Greely - Metcalfe - Osgoode - Vernon and, Ontario • K0A 2P0 • 1605 - Osgoode Twp North of Reg Rd 6