123 RAILWAY STREET

INVESTMENT OPPORTUNITY | C2 ZONING | DEVELOPMENT POTENTIAL Think beyond the current use. This modern, approximately 10-year-old commercial property presents an intriguing value-add investment opportunity for an owner-operator, an entrepreneur or investor looking for flexibility, existing infrastructure and future upside.Currently operating as an established funeral home, the property features a modern, state-of-the-art building with reception areas, chapel, private offices, visitation/viewing space, attached single-car garage and ample on-site parking. The existing layout provides an excellent foundation for continued operation - or a creative new business concept.C2 zoning opens the door to potential opportunities for health services, veterinary use, service establishments, entertainment/recreation and other permitted commercial uses. And the real upside? An additional lot fronting Nipissing Street offers potential for severance, subject to municipal approvals, creating an opportunity to unlock additional land value, future development potential or a separate investment play. For the investor with vision, this is more than a commercial building - it's a flexible commercial real estate asset with redevelopment potential, multiple permitted-use possibilities and an opportunity to reposition the property for its next chapter.The infrastructure is here. The zoning is here. The land is here. Now bring the vision. A rare opportunity to acquire a commercial investment property with value-add and future development potential. (id:67197)

Price

$875,000

Property Type

Retail

Transaction Type

For sale

Bathrooms

2

MLS® Number

X13687758

Interior Size

4197 sqft

Bathrooms

2

Cooling

Fully air conditioned

Fireplace

No

Heating

Baseboard heaters

Interior Size

4197 sqft

Water

Municipal water

Size Total

1.16 ac

Size Frontage

200 ft

Size Depth

173 ft ,6 in

Acreage

Yes

Amenities Nearby

Highway, Public Transit

• Irregular lot size
• Highway
• Public Transit