$1,499,000

About this property

Income today, redevelopment potential tomorrow. This approx. 744 m (8,008 sq ft) site on Woodroffe Avenue is zoned MC6 Mixed-Use Centre, which permits apartment, office, medical and mixed-use development, with potential for approx. 16,000 sq ft of gross floor area (buyer to verify). The property includes an office with an attached garage, plus a former home converted into a garage office. The garage offers two bays, one equipped with a hoist, and there is a paint booth at the back of the building. Also available is the established Krown rustproofing business operating on site, with a loyal base of returning customers and approx. 50 vehicles a day during high season. Purchase the land and building for $1,499,000, or secure the land, building and Krown business together for $1,700,000 and collect income while you plan your next move. Steps from Algonquin College's Woodroffe Campus and the future Algonquin O-Train Station, in an area the City is actively planning for growth. Neighbouring properties offer potential for a larger land assembly. High traffic and outstanding exposure on a major arterial road. A rare opportunity for a builder, a long-term investor, or an operator ready to take over a trusted business. Please do not approach the business or its employees. The seller is not on site. All inquiries and showings are by appointment only through the listing agent.

Property details