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29 King Street Chesterville, Ontario K0C 1H0

$499,888

Unique 5-income property in Chesterville Village with three residential units, a commercial space, and a chip truck utilizing the parking lot. Commercial zoning allows flexible use, catering to self-employed or work-from-home options in the busy downtown area. The property offers three residential and two commercial income sources, creating a vibrant community atmosphere close to the waterfront. The vacant commercial office space allows for customization or lease, with potential redevelopment into a 10-12-unit apartment complex with ground-floor shops. Additionally, there's an exciting opportunity for a corner-to-corner one-block development, as adjacent properties are available for sale. A potential of 50 or 100-unit mixed residential commercial in the pro-development town boasts a planning office with a swift approval process, and all essential services, including water and sewer connections, are readily available. Join this flourishing and forward-thinking community now! (id:47153)

Property Details

MLS® Number 1377173
Property Type Multi-family
Neigbourhood Chesterville
Parking Space Total 14

Building

Constructed Date 1960
Stories Total 2

Land

Acreage No
Size Depth 82 Ft ,5 In
Size Frontage 71 Ft ,10 In
Size Irregular 71.8 Ft X 82.45 Ft (irregular Lot)
Size Total Text 71.8 Ft X 82.45 Ft (irregular Lot)
Zoning Description General Commercial

https://www.realtor.ca/real-estate/26509898/29-king-street-chesterville-chesterville

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