265 KING STREET N
New Tecumseth (Alliston), Ontario
MLS® N13774818
$2,200,000
- Status
- Active
- Property type
- Retail
- MLS® number
- N13774818
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 7Listing description
LOCATION! LOCATION! LOCATION!
Excellent opportunity to own a well-established, turn-key commercial plaza ideally situated in a high-traffic area and serving numerous surrounding subdivisions, with additional future residential development proposed nearby. The plaza features 3 established tenants generating approximately $100,000 per year in total rent, plus TMI, providing an attractive income-producing investment with a strong cap rate. Excellent visibility with easy ingress and egress.
Additional development potential allows for approximately 4,000 sq. ft. of additional space above the existing plaza, suitable for rental apartments or professional office space, subject to municipal approvals.
Offered for sale by the original owner who built the plaza. A rare opportunity combining stable rental income with future development upside. Do not disturb tenants.
Property summary
- MLS® number
- N13774818
- Property type
- Retail
- Size
- 4,000 sq ft
- Land size
- 155.26 x 151.32 FT
- Annual property taxes
- $8,900.00
- Days on market
- 28 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $2,200,000 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 REMAX YOUR COMMUNITY REALTY, VAUGHAN.
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.