51117 RON MCNEIL LINE
Malahide (Springfield), Ontario
MLS® X14142402
$599,000
- Status
- Active
- Property type
- Retail
- MLS® number
- X14142402
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 13Listing description
Opportunity meets flexibility at this prominent corner property at Ron McNeil Line and McIntosh Street. With very low commercial property taxes, flexible C1 zoning, excellent exposure and plenty of on-site parking, this mixed-use property presents a unique opportunity for investors, entrepreneurs, owner-occupiers and developers alike. Currently configured with one commercial unit and two residential units, the property offers multiple income streams and plenty of possibilities.
The commercial space was formerly home to a successful, long-standing 92-seat restaurant, with the most recent commercial tenant operating a pizza restaurant, making it well suited for another hospitality concept or one of the many other uses permitted under C1 zoning. The two residential units currently generate $1,750 and $2,300 per month. For an entrepreneur, this could be an ideal opportunity to own the building, operate your business, live on-site and have rental income help offset your mortgage and carrying costs.
For an investor or developer, the combination of existing residential income, **exceptionally low commercial taxes**, prominent corner location and potential to further develop or reposition the site creates compelling long-term upside. Additional features include a detached triple-car garage, two furnaces, two separate meters and ample parking. Whether you're looking for an investment, a home for your business, a live/work opportunity or a property with future development potential, this versatile site offers plenty of ways to make it work.
Property summary
- MLS® number
- X14142402
- Property type
- Retail
- Size
- 3,658 sq ft
- Land size
- 61.57 x 138.68 FT
- Annual property taxes
- $3,884.09
- Days on market
- 2 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $599,000 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 CALL IT CLOSED INTERNATIONAL BROKERAGE, Goderich.
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.