1035 Hwy 17 E,Wahnapitae, ON P0M3C0
Wahnapitae, ON P0M3C0
Description
PRIME TRANS-CANADA HIGHWAY COMMERCIAL INVESTMENT OPPORTUNITY! An exceptional opportunity to own a C2 Highway Commercial property with immediate rental income and significant future commercial potential. Located directly along Highway 17 in Wahnapitae, this property offers excellent highway visibility and exposure while generating income from 9 rental pads. The property currently produces approximately $47,000 in gross annual rental income with approximately $14,000 in annual operating expenses, resulting in an estimated $33,000 Net Operating Income (NOI). At the asking price of $474,900, this represents an approximate 6.95% capitalization rate based on current operations. Beyond the existing income, the C2 Highway Commercial zoning provides potential for a variety of commercial uses, subject to municipal approvals and applicable regulations. The strategic Trans-Canada Highway location creates excellent exposure for future commercial development, expansion, storage, equipment-related uses, service businesses and other permitted commercial opportunities. This property offers investors the opportunity to acquire an income-producing asset today while retaining potential for future commercial development. Whether you're seeking an investment property, additional income-producing land, or a strategic highway commercial location for your business, this property is worth exploring. (id:13843)
Details
| MLS # | 2130465 |
|---|---|
| Listing Type | For Sale |
| Style | Offices |
| Status | Active |
| Days On Site | 35 |
| Listing Provided By | ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE | SHAYNE MALONE |
Features
| Zoning | C2 |
|---|
Interior
| Cooling | None |
|---|---|
| Fireplace Yes / No | No |
Exterior
| Security Features | None |
|---|---|
| Foundation Details | Unknown |
Parking
| Parking Features | Visitor Parking |
|---|
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Area Information
| Province | ON |
|---|---|
| City | Wahnapitae |
| Postal Code | P0M3C0 |
| Listing VS Median (in P0M3C0) | |
Price: $474,900 low | high Med: $574,926 On site: 35 low | high Med: 16.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Wahnapitae |
| Postal Code | P0M3C0 |
| Listing VS Median (in P0M3C0) | |
Price: $474,900 low | high Med: $574,926 On site: 35 low | high Med: 16.5 | |
