20 Queen Street,Innisfil (Cookstown), ON L0L1L0
Innisfil (Cookstown), ON L0L1L0
Description
Welcome to this iconic building on Queen Street in the heart of Cookstown! A rare investment and development opportunity located just minutes from Highway 400 and surrounded by new residential development. Situated on an impressive 30 x 220 ft double lot with excellent exposure at Queen Street and Wellington Street, this freestanding commercial/residential property offers tremendous potential for investors, builders and end users. The property features an established barber shop tenant on a 5-year lease at $1,000/month plus HST, providing immediate rental income. The residential portion includes a spacious 3-bedroom apartment that can be refurbished and rented for additional income. Unfinished basement provides further potential, with driveway and access to the rear of the property. What truly sets this property apart is the potential severance opportunity at the rear to create an additional residential building lot and potentially build another home, subject to municipal approval. The depth of the property and double-lot configuration create possibilities rarely available in this area. Hold, renovate, generate income, explore the severance potential, or position yourself for the continued growth of Cookstown. Opportunities like this are becoming increasingly difficult to find. Excellent location, existing income and future development potential all in one property. Property is being sold As Is, Where Is. (id:13843)
Details
| MLS # | N13682422 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Days On Site | 85 |
| Listing Provided By | REMAX YOUR COMMUNITY REALTY | EUGENIO STURINO |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 1,100 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | Mu5 - Mixed Use 5 Special |
Interior
| Heating | Forced air, Natural gas |
|---|---|
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Concrete |
|---|
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 4 |
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 4296 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Innisfil (Cookstown) |
| Postal Code | L0L1L0 |
| Listing VS Median (in L0L1L0) | |
Price: $950,000 low | high Med: $1,149,000 sqft: 1,100 low | high Med: 4,400 $ / sqft: $864 low | high Med: $261 On site: 85 low | high Med: 85 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Innisfil (Cookstown) |
| Postal Code | L0L1L0 |
| Listing VS Median (in L0L1L0) | |
Price: $950,000 low | high Med: $1,149,000 sqft: 1,100 low | high Med: 4,400 $ / sqft: $864 low | high Med: $261 On site: 85 low | high Med: 85 | |
