Exceptional investment opportunity in the heart of North Gower, offering immediate income and outstanding future development potential. Positioned prominently at the intersection of Roger Stevens Drive and Fourth Line Road, this unique land assembly includes two fully tenanted triplex buildings along with a commercially zoned parking lot situated between them. The parking area accommodates approximately 10-12 vehicles and features a versatile outbuilding currently utilized for storage. With Village Mixed Use (VM) zoning, this property presents remarkable flexibility for a wide range of commercial, residential, or mixed-use possibilities. Whether you're seeking a strong income-generating asset, a strategic land holding, or a site with exciting redevelopment prospects, this offering delivers exceptional value and long-term upside in a growing community. *Lot size is based on all three properties. (id:28469)
Facts & features
Property
MLS® Number
X13209436
Property Type
Multi-family
Community Name
8009 - North Gower
Amenities Near By
Schools
Community Features
Community Centre
Parking Space Total
12
Building
Bathroom Total
7
Bedrooms Above Ground
10
Bedrooms Total
10
Amenities
Separate Electricity Meters
Basement Development
Unfinished
Basement Type
N/a (unfinished)
Exterior Finish
Brick, Stone
Foundation Type
Poured Concrete
Heating Fuel
Natural Gas
Heating Type
Baseboard Heaters
Size Interior
0 - 699 Sqft
Type
Other
Parking
No Garage
—
Land
Acreage
No
Land Amenities
Schools
Sewer
Septic System
Size Depth
121 Ft
Size Frontage
208 Ft
Size Irregular
208 X 121 Ft
Size Total Text
208 X 121 Ft
Zoning Description
Vm7
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
$4,406/mo
Ontario land transfer tax
$16,375 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.