297 18th Street East, Owen Sound | Image 1

297 18th Street East

Owen Sound, Owen Sound

  • Commercial

$1
For Sale

Added 1 month ago

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  • Type: Land

  • Property Type: Commercial

  • Zoning: MC

  • Age: No Data

  • Taxes: 10824.15

  • MLS®#: X9047392

  • Days on Site: 29 Days

  • Added: Jul 14, 2024 (1 month ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: ROYAL LEPAGE LOCATIONS NORTH

Premier Condo/Rental Development Opportunity: Introducing an exceptional development opportunity at 297 18th Street East in Owen Sound: a 6-storey, mixed-use building featuring 39 residential units (permit expired) and a ground floor commercial space, ideal for a building management office. This prime property offers investors the chance to capitalize on the substantial site work already completed by the original developer, significantly reducing the time and cost required to bring the project to completion. Situated in the heart of Owen Sound, a growing and vibrant community, this development is perfectly positioned to meet the strong demand for high-quality rental apartments or potentially be converted to condominiums, subject to the necessary approvals. With its desirable location, extensive existing construction, and flexible development options, 297 18th Street East represents an attractive investment opportunity in a thriving market. Hold Offer Date in Brokerage Remarks.

Property

  • Status: Sale

  • Property Type: Land

  • Property Type: Designated

  • Area: Owen Sound

  • Community: Owen Sound

  • Availability Date: Flexible

  • Assessment Amount: $432,000

  • Assessment Year: 2024

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Available

Building

  • Basement: Y

  • Freestanding: Y

  • Water Supply: Municipal

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 40 W/S BAY ST, 41 W/S BAY ST, 42 W/S BAY ST, 43 W/S BAY ST

  • Taxes: $10,824

  • Taxes Type: Annual

Land

  • Cross Street: 18th St E & 2nd Ave

  • Municipality District: Owen Sound

  • Parcel Number: 370540027

  • Sewer: San+Storm Avail

  • Lot Depth: 226.65 Feet

  • Lot Frontage: 132 Feet

  • Zoning: MC

Commercial Specific

  • Retail Area Metric: %

  • Sprinklers: N

  • Total Area: 75

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Lot Code: Lot

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