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$1,499,000
Est. payment /mo
10,242 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 10242
Square Footage 10,242 sqft
Price per Sqft $146
Subdivision 140 - Beasley
MLS® Listing ID 40850621
Property Sub-Type Freehold
Appx SqFt 10242
Property Description
Massive square footage and a truly accessible price! Previously approved plans for an 8-unit residential conversion with main floor commercial space have expired, but all plans, studies, and supporting materials can be included to help fast-track the project back to life. Proposed layout includes 5 two-bedroom and 3 one-bedroom residential units above a versatile commercial ground floor. Savvy investors may also explore subdividing the main floor into smaller commercial units to maximize per-square-foot lease revenue and create a dynamic mixed-use asset. For developers seeking a project with substantial groundwork already completed, this property offers a rare chance to step into a near shovel-ready opportunity with significant upside potential. Generous D2 zoning permits a broad range of uses including office, retail, hospitality, institutional, entertainment, and more — offering flexibility in both redevelopment and interim use strategies. Not looking to develop immediately? The existing structure also presents strong potential for leasing or repositioning in its current configuration. Located steps from a planned LRT station, the property stands to benefit from long-term intensification, connectivity, and appreciation trends shaping the corridor. Clean Phase 1 Environmental report available. Proforma, plans, and additional materials available upon request. Opportunities offering this scale, flexibility, and future growth potential along the LRT route are increasingly rare. A compelling opportunity for creative investors, developers, and end-users with vision. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by Corcoran Horizon Realty
Nearby School & Business
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