2465 HIGHWAY 518 W
McMurrich/Monteith (Sprucedale), Ontario
MLS® X13626150
$350,000
- Status
- Active
- Property type
- Retail
- MLS® number
- X13626150
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 5Listing description
Prime Redevelopment Opportunity: Historic 6,000+ SQFT Asset with Grant PotentialCapitalize on this high-potential redevelopment project positioned on an expansive 150' x 200' lot. Formerly the historic Sprucedale School House, this structurally sound 6,000+ sq. ft.
building spans two massive levels, complemented by a detached 640 sq. ft. storage facility.
Character features, including original hardwood floors, offer unique architectural integration for a premium multi-residential or senior living conversion. The property aligns exceptionally well with lucrative government grants for senior housing infrastructure. Vital environmental due diligence, including the Designated Substances Survey (DSS) and Chimney Swifts Report, will be released to the successful buyer upon contract.
Sold "As-Is, Where-Is," this blank-canvas asset is primed for an investor looking to maximize ROI in a high-demand sector.
Property summary
- MLS® number
- X13626150
- Property type
- Retail
- Size
- 12,000 sq ft
- Land size
- Bldg=150 x 200 FT
- Parking
- 4 spaces
- Days on market
- 59 days
Features & details
- Heating
- No heat
- Cooling
- None
What would this home cost you?
Based on the $350,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of REAL ONE REALTY INC., RICHMOND HILL.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.