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

Added 3 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: RC

  • Age: 31-50 years

  • Taxes: 10269

  • MLS®#: X9518366

  • Days on Site: 100 Days

  • Added: Sep 10, 2024 (3 months ago)

  • Updated:

  • Last Checked: 2 hours 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. 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. Buyer to conduct their own due diligence. Don't miss this rare opportunity in a booming rural setting with huge commercial potential!

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 31-50

  • Area: Greely - Metcalfe - Osgoode - Vernon and

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

  • Availability Date: Immediate

Inside

  • Air Conditioning: N

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

  • Physically Handicapped-Equipped: N

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

Land

  • Cross Street: South on Bank Street

  • Municipality District: Greely - Metcalfe - Osgoode

  • Parcel Number: 043200171

  • Sewer: Septic

  • Lot Depth: 970 Feet

  • Lot Frontage: 167 Feet

  • Lot Irregularities: 1

  • Zoning: RC

Additional Media

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

Commercial Specific

  • Total Area: 5.73

  • Total Area Metric: Acres

  • Franchise: N

  • Tangible Property Included: N

  • Crane: N

  • Survey: N

  • Soil Test: N

  • Financial Statement: Y

  • Gross Income/Sales: 90360

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

Secondary: Public
17.11 km
9-12

Russell High School

Secondary: Public
12.58 km
9-12

St. Thomas Aquinas Catholic High School

Secondary: Catholic
13.23 km
9-12

Osgoode Township High School

Secondary: Public
4.52 km
9-12

St Mark High School

Secondary: Catholic
9.87 km
9-12

St. Francis Xavier (9-12) Catholic School

Secondary: Catholic
12.63 km
For Sale
1 month ago
$1,850,000
  • 0 bath
  • 0 bed

7631 Stone School Road, Greely - Metcalfe - Osgoode - Vernon and, Ontario • K0A 2P0 • 1605 - Osgoode Twp North of Reg Rd 6