204369 COUNTY RD 109, Amaranth, Ontario, L9W0T5

Property Description

Outstanding Investment Opportunity Just 5 Minutes from Orangeville! This prime 1.01 acre corner property with C2 Highway Commercial zoning offers exceptional income potential with an estimated potential 10% cap rate if tenanted at estimated market rents and offers a diverse array of potential permitted uses. Ideal for investors or owner/operators seeking cash flow & versatility. The property features two self-contained 2-bedroom apartments with 1 washroom each, providing rental income or convenient on-site living. Auto mechanic garage includes 2 bays, office, washroom, and optional equipment available (2 hoists, wheel alignment machine, air compressor, some tools etc.). Restaurant with kitchen, dining area & 2 washrooms offers opportunity for an additional income stream or owner-use potential. 2 septic systems & drilled well. C2 Zoning can permit multiple possible uses depending on Town approval such as vehicle repair, gas bar, restaurant, retail, office, greenhouse, storage facility, hotel/ motel, or recreation. A Clean Phase 2 Environmental Report (2017) is available. This is a rare chance to own a versatile, income-generating property in a high-traffic location. Don't miss this opportunity! (id:64974)

Quick Facts

• Property Type: Retail
• Bedrooms: None
• Bathrooms: None
• Living Area: 5,511 sq ft (512.0 m²)
• Parking: 10 spaces (Other)
• Lot Size: 1.0100 acres (0.41 ha)
• Frontage: 192 ft (58.6 m)

Costs

• Annual Taxes: $4,481.92

Listing Provided by: EXIT REALTY HARE (PEEL)
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.