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$998,000
Available - For Sale
Listing ID: X11935392
16-20 TORONTO Street South , Grey Highlands, N0C 1H0, Grey County
INVESTORS TAKE NOTE: THIS PROPERTY IS PERFECT FOR REDEVELOPMENT: Part of the Downtown Markdale Development area this lot is ready for commercial investment. It fronts directly onto Hwy 10 at one of the busiest intersections in Grey County. It is a restaurant in the lower level and 3 apartments above. In it's current form, it is only using half the lot space, this would be perfect for for a multi story apt building with lower level retail. It is a short walk to the 300 unit subdivision currently under construction with by Devonleigh Homes across the street, with most homes in Phase 1 already occupied. Don't miss this opportunity to get into this growing community, with over 600 hundred homes slated for construction in Markdale this is a very unique offering to own a part of downtown core. REDEVLOPMENT OPPORTUNITY - The town has indicated that they would encourage any buyer to consider redeveloping the land and that council would engage with any developer who brought a vision for the land and that the lot could house a multi unit building potentially of 4 storeys.
Price $998,000
Taxes: $5,500
Tax Type: Annual
Occupancy by: Tenant
Address: 16-20 TORONTO Street South , Grey Highlands, N0C 1H0, Grey County
Postal Code: N0C 1H0
Province/State: Grey County
Legal Description: PT LT 2 BLK E PL 582 MARKDALE AS IN R385
Lot Size: 79 x 165 (Feet)
Directions/Cross Streets: Located on the west side of Hwy 10 (Toronto St) at the intersection in Markdale.
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: With Property
Use: Restaurant
Total Area: 5,582
Total Area Code:  Square Feet
Office/Appartment Area: 2400
Office/Appartment Area Code: Sq Ft
Retail Area: 3182
Retail Area Code: Sq Ft
Area Influences: Skiing   Major Highway
Financial Statement: F
Chattels: F
Franchise: F
Hours Open: 9 am
Employees #: 8
Seats: 40
LLBO: N
Maintenance: 0
Heat Type: Gas Hot Water
Central Air Conditioning: No
Sewers: Sanitary
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Century 21 In-Studio Realty Inc.

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