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209820 Highway 26 1,402 SF 100% Leased Office Building Blue Mountains, ON L9Y 0L8 For Sale
EXECUTIVE SUMMARY
The subject property consists of four separate lots, three have frontage onto Highway 26 (60’ x 250’ each), and the fourth corner lot (.34 acre) fronts onto both Hwy 26 and Hope St. Combined, the lots total 1.37 acres (.55 ha). Present access is from Hwy 26, with a second entrance envisioned coming from Hope St.
The present ownership originally envisioned the construction of a three story commercial/residential building with a footprint of about 10,500 SF and having a variety of commercial, business, and/or retail uses on the main level.
The second and third floors would each have about ten residential apartments – the intent being rental units – an urgent need as expressed by TBM. To achieve the upstairs residential units, a By-law Amendment application for additional R2 or R3 zoning would have to be made.
The present ownership originally envisioned the construction of a three story commercial/residential building with a footprint of about 10,500 SF and having a variety of commercial, business, and/or retail uses on the main level.
The second and third floors would each have about ten residential apartments – the intent being rental units – an urgent need as expressed by TBM. To achieve the upstairs residential units, a By-law Amendment application for additional R2 or R3 zoning would have to be made.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
1,402 SF
Building Class
C
Year Built
1975
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
1,402 SF
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209820 Highway 26
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