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    For Sale - 20 Queen Street, Innisfil, Ontario

    Est payment $4,562/mo
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    Views   3
    Time on Jump  74 day

    AI Summary *

    • Iconic building on Queen Street in a growing area near Highway 400.
    • Established barber shop tenant providing immediate rental income of $1,000/month.
    • Spacious 3-bedroom apartment offers potential for additional rental income.
    • Unfinished basement and double lot configuration provide unique development opportunities.
    • Severance potential at rear could allow for building another residential unit.




    Welcome to this iconic building on queen street in the heart of cookstown! A rare investment and development opportunity located just minutes from highway 400 and surrounded by new residential development. Situated on an impressive 30 x 220 ft double lot with excellent exposure at queen street and wellington street, this freestanding commercial/residential property offers tremendous potential for investors, builders and end users. The property features an established barber shop tenant on a 5-year lease at $1,000/month plus hst, providing immediate rental income. The residential portion includes a spacious 3-bedroom apartment that can be refurbished and rented for additional income. Unfinished basement provides further potential, with driveway and access to the rear of the property. What truly sets this property apart is the potential severance opportunity at the rear to create an additional residential building lot and potentially build another home, subject to municipal approval. The depth of the property and double-lot configuration create possibilities rarely available in this area. Hold, renovate, generate income, explore the severance potential, or position yourself for the continued growth of cookstown. Opportunities like this are becoming increasingly difficult to find. Excellent location, existing income and future development potential all in one property. Property is being sold as is, where is.
    Listing IDN13682422
    Address20 Queen Street
    CityInnisfil, Ontario
    Price$950,000
    Bed / Bath3 / 1 Full
    Style2-Storey, Detached
    ConstructionAluminum Siding
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features OtherOwnership FreeholdBasement Crawl SpaceFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Other

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    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    20 Queen Street
    Innisfil , Ontario
    3 1 $950,000
    Get more info