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! (id:2493)
Data was last updated October 13, 2025 at 03:15 AM (UTC)
Area Statistics
Listings on market:
17
Avg list price:
$399,900
Min list price:
$269,900
Max list price:
$1,980,000
Avg days on market:
119
Min days on market:
9
Max days on market:
553
Avg price per sq.ft.:
$363,333.33
These statistics are generated based on the current listing's property type
and located in
1605 - Osgoode Twp North of Reg Rd 6. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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