Discover an exceptional commercial and future development opportunity in Kemptville! Situated on 2.12 acres in a C5-h Commercial zone, 665 Van Buren Street presents an exciting opportunity for investors, developers, and entrepreneurs alike. The possibilities for this property are endless, with future development potential that could lend itself to a commercial plaza or single-business use. The property could be ideally suited for a daycare, wellness centre, light industrial use, or any of the diverse options outlined in the attached list of permitted zoning uses. This versatile property is located less than one kilometre from a bustling shopping area containing a Walmart, Starbucks, Canadian Tire, a new hotel currently under construction, and various other popular businesses.In the meantime, the existing property offers excellent income potential, with two separate residential units providing rental opportunities while you plan for future business uses. The main residence includes 4 bedrooms and 2.5 bathrooms, extensively renovated in 2020 with rustic finishes and an open-concept layout. A self-contained one-bedroom granny suite provides an additional rental unit, or a space for operating your business. The property also features a private backyard with an in-ground swimming pool and substantial outdoor space, adding further versatility and appeal. The beauty of the home may just entice you to move in yourself! Whether you envision developing a commercial plaza, operating a business, or simply living on-site, this property offers the flexibility to adapt to your vision. With its generous 2.12-acre footprint, commercial zoning, existing rental income potential, and range of possible future uses, this is a property with countless opportunities in a desirable Kemptville location. (id:28469)
Facts & features
Property
MLS® Number
X13601862
Property Type
Retail
Community Name
801 - Kemptville
Amenities Near By
Highway
Building
Cooling Type
Fully Air Conditioned
Heating Fuel
Natural Gas
Heating Type
Forced Air
Size Interior
2 Acres
Utility Water
Drilled Well
Land
Acreage
Yes
Land Amenities
Highway
Size Frontage
335 Ft ,11 In
Size Irregular
2.122
Size Total
2.122 Ac
Size Total Text
2.122 Ac
Zoning Description
C5
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Cost of ownership
Est. monthly payment
$6,642/mo
Ontario land transfer tax
$26,475 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.