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$ 1,100,000
Est. payment | /mo
3 Beds
1 Bath
$ 1,100,000
Est. payment | /mo
3 Beds
1 Bath
Key Details
Property Type Single Family Home, freehold, residential
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision Cookstown
MLS Listing ID N13682422
Style 2-Storey
Bedrooms 3
Annual Tax Amount $4,296
Tax Year 2026
Property Sub-Type Detached
Property 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.
Location
Province ON
County Simcoe
Area Simcoe
Rooms
Family Room No
Basement Crawl Space
Kitchen 1
Interior
Interior Features Other
Cooling Other
Fireplace No
Heat Source Gas
Exterior
Parking Features Available
Pool None
Roof Type Asphalt Shingle
Lot Frontage 30.0
Lot Depth 220.0
Total Parking Spaces 4
Building
Foundation Concrete
Others
ParcelsYN No
Listed by REMAX YOUR COMMUNITY REALTY
4145 North Service Road Unit 2, L7L6A3, Burlington, Ontario, Canada