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.
Listing IDX12737176
Address719 Peel Street
CityWoodstock, Ontario
Price$649,900
Bath1 Full
StyleInvestment
Land Size5166.67
TypeIndustrial/Commercial
StatusFor Sale
