Income today, redevelopment potential tomorrow. This 744 m (approx. 8,008 sq ft) site on Woodroffe Avenue combines a proven business with valuable mixed-use land in one of Nepean's fastest-evolving transit corridors. For over 60 years, the established auto body and Krown rustproofing and CAA centre on site has built a loyal base of returning customers, seeing approx. 50 vehicles a day during high season. Buy the business on its own, or secure the land, building and business together and collect income while you plan your next move. The property is zoned MC6 Mixed-Use Centre, which permits apartment, office, medical and mixed-use development. It has potential for approx. 16,000 sq ft of gross floor area (buyer to verify). It sits steps from Algonquin College's Woodroffe Campus and the future Algonquin O-Train Station, within an area the City is actively planning for growth. Neighbouring properties offer potential for a larger land assembly. The site has high traffic and outstanding exposure on a major arterial road. It's a rare opportunity for a builder, a long-term investor, or an operator ready to take over a trusted business. (id:28469)
Facts & features
Property
MLS® Number
X13842000
Property Type
Vacant Land
Neighbourhood
Ryan Farm
Community Name
7301 - Meadowlands/St. Claire Gardens
Amenities Near By
Recreation, Public Transit
Farm Type
Other
Building
Size Interior
8,331 Sqft
Utility Water
Municipal Water
Land
Acreage
No
Land Amenities
Recreation, Public Transit
Size Depth
94 Ft ,5 In
Size Frontage
85 Ft
Size Irregular
85 X 94.47 Ft
Size Total Text
85 X 94.47 Ft
Zoning Description
Mc6f(2.0)h(18.5)
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
$6,637/mo
Ontario land transfer tax
$26,455 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.