This commercial property offers 5.73 acres of Rural Commercial (RC) zoned land, suitable for various industrial and commercial uses, with 167 feet of frontage on Bank Street. Formerly a motel, it includes +/- 20 parking spots. Currently houses 10 residential units (1 x 3-bedroom house and 9 bachelor apartments). Ideal for adding more units, increasing rental income, operating a business, or utilizing the building and land for storage. Updates include a new water system (2011), roof (2009), newer windows (2018), and two septic tanks (2007 & 2021). One hydro meter services the entire property. Ideal for development with proximity to Highway 417 and major transport routes. 20-minute drive to Highway 417. Rent rolls and expense statements are available on request. Vendor open to offering a limited vendor take-back (VTB) mortgage option. Buyer to conduct their own due diligence. Don't miss this rare opportunity in a booming rural setting with huge commercial potential!
South on Bank Street just past Cenote Road on the Left hand side
Neighbourhood
1605 - Osgoode Twp North of Reg Rd 6
Area
Ottawa
Price History
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Detailed Information
Freestanding
Y
Lot
167 x 970 ft
Lot Irregularities
1
Total Area
5.73 acres
Approximate Age
31-50
Elevator
None
Air Conditioning
N
Basement
Y
Chattels
N
Garage Type
None
Parking Spaces
20
Financial Statement
Y
Gross Income/Sales
$90,360
Expenses Actual/Estimated
Act
Outside Storage
Y
Soil Test
N
Sewers
Septic
Water Supply Types
Drilled Well
Water
Well
Crane
N
Survey
N
Zoning
RC
Seller Property Info Statement
N
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