6637 BANK STREET
$1,500,000
EXCEPTIONAL VALUE & OPPORTUNITY! This property offers 5.73 acres of Rural Commercial (RC) zoned land with 167 feet of prime frontage on Bank Street. Currently generating income from 10 residential units (1 x 3-bedroom house and 9 bachelor apartments), all rented below market value. Ideal for adding more units, increasing rental income, operating a business, or utilizing the land for storage. The land value alone presents a solid investment, allowing you to bank on future appreciation. Developers can redevelop while collecting rent during planning stages. Post-offer unit viewings are available. Buyer to conduct due diligence on environmental. Rent rolls and expense statements are available on request. Donât miss this rare opportunity in a booming rural setting with huge commercial potential! (id:13118)
Essential Information
- Listing #
- 1411087
- Price:
- $1,500,000
- Year Built:
- -
- Total Bedrooms:
- -
- Total Bathrooms:
- -
- Half Baths:
- -
- Property Type:
- Vacant Land
- Basement:
- -
- Transaction:
- For sale
Property Specifications
- Parking Spaces:
- -
- Maintenance Fees:
- Heating:
- -
- Cooling:
- -
- Fireplace Type:
- -
Listing Details
- Last Updated:
- 2024, 04 Nov
- Listing Office:
- ROYAL LEPAGE TEAM REALTY
- Virtual Tour:
- Click Here
