719 PEEL STREET, Woodstock (Woodstock - South), Ontario, N4S1L5

Property Description

719 Peel Street is a versatile investment opportunity featuring solid rental income, a central location, and long-term redevelopment potential in the heart of Woodstock. Currently used as a non-conforming triplex, this well-maintained R2-zoned property sits just steps from Dundas Street and immediately west of the Rexall Pharmacy and retail plaza, placing it in one of Woodstock's most accessible and desirable mixed-use corridors. Ideally positioned for future growth or possible re-zoning to office or commercial use (subject to approvals), the property is currently used as a non-conforming triplex with three self-contained units, each featuring its own kitchen. The basement unit is presently used as a residential rental unit but could easily be converted into more living space or a fantastic home office for the main level. The property is in great condition with many recent upgrades - including upgraded electrical, plumbing, new flooring in many areas, and a recently-shingled roof. Centrally located near major schools, shopping, and transit, this versatile property appeals to investors, owner-occupiers, and entrepreneurs alike. Please inquire for full income and expense details. Buyers are to satisfy themselves regarding zoning, permitted uses, and compliance. A property with this combination of income, location, flexibility, and upside potential is truly a rare find in the Woodstock market. The Seller is open to considering a Vendor Take-Back (VTB) mortgage for qualified buyers, which may provide added flexibility when structuring the purchase. Offers welcome. (id:64974)

Quick Facts

• Property Type: Multi-Family
• Bedrooms: None
• Bathrooms: 1
• Living Area: 2,204 sq ft (204.8 m²)
• Attached: Yes
• Parking: 3 spaces
• Frontage: 94 ft (28.6 m)

Costs

• Annual Taxes: $3,878.49

Listing Provided by: Century 21 Heritage House Ltd Brokerage
Board: Woodstock Ingersoll Tillsonburg and Area Association of REALTORS® (WITAAR)
Data provided via CREA DDF®.