Outstanding investment and business opportunity in Bainsville! Set on approximately 3.664 acres and zoned Highway Commercial (CH), this property offers exceptional flexibility for investors, contractors, business owners and developers looking for a property with room to grow.The site includes a 36' x 56' insulated and propane-heated commercial building with 16' ceilings, two 14' electric overhead garage doors, a 200-amp main electrical service and an additional 100-amp sub-panel. The building is ideally suited for equipment, vehicles, workshop use, warehousing, trades or other commercial operations.An approximately 40' x 36' second-level mezzanine provides valuable additional space and offers potential for conversion to an apartment, subject to applicable approvals and requirements.The real value is in the combination of the existing building and approximately 3.664 acres of commercial land. The generous lot provides opportunities for additional structures, outdoor storage, parking, business expansion or future redevelopment. Investors may also wish to explore the potential for a mini-storage facility or other income-producing commercial uses, subject to municipal and zoning approvals.The property currently has no well or septic system.A rare opportunity to secure a sizeable commercial parcel with an existing heated building and substantial future potential in South Glengarry. Ideal for buyers seeking a property they can operate from today while planning for expansion and increased value over time. Buyers to verify permitted uses, zoning, servicing and development possibilities with the municipality. (id:28469)
Facts & features
Property
MLS® Number
X13804108
Property Type
Retail
Community Name
724 - South Glengarry (Lancaster) Twp
Farm Type
Other
Features
Irregular Lot Size, Elevator
Building
Age
0 To 5 Years
Cooling Type
None
Size Interior
4 Acres
Land
Acreage
Yes
Size Depth
400 Ft
Size Frontage
103 Ft ,3 In
Size Irregular
3.646
Size Total
3.646 Ac
Size Total Text
3.646 Ac
Zoning Description
Commercial Higway
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.