MLS® X13422530 · Listed by NORTH 2 SOUTH REALTY. Source: TRREB MLS®. THE AGENCY does not represent this listing.
$5,799,900
Detached for sale · 2+1 bed · 2 bath
Signal
44/100
Soft demand, likely to sit
Likely sale price $5,393,393
10-acre property inside the urban boundary, marked as commercial on the city block plan. The site includes a bungalow with 3 bedrooms, 2 bathrooms, a walkout basement, and kitchens on both levels. The home also features hardwood floors, a garage, and a carport. A 2,500 sq. ft. shop with a furnace provides heated workspace or storage. A cell tower lease is in place, starting June 1, 2023, for a five-year term with three additional five-year renewal options. Rent begins at $12,000 per year and increases with each extension. The property owner has the option to cancel the lease at each renewal, providing flexibility for future development while maintaining income until that time.