Property Information:

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. (id:27)

Building Features:

Style: Detached
Building Type: House
Basement Type: Crawl space
Construction Style - Attachment: Detached
Exterior Finish: Aluminum siding
Floor Space: 1100 - 1500 sqft
Foundation Type: Concrete
Heating Type: Forced air
Heating Fuel: Natural gas

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 3
Bathrooms: 1
Floor Space (approx): 1100 - 1500 Square Feet
Irregular: Yes
Lot Depth: 220 Feet
Lot Frontage: 30 Feet
Lot Size: 30 x 220 FT
Zoning: Mu5 - Mixed Use 5 Special
Parking Type: No Garage
No. of Parking Spaces: 4

Courtesy of: REMAX YOUR COMMUNITY REALTY

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Demographic Information of 20 QUEEN STREET, Innisfil, Ontario, L0L 1L0

Life Stage

Middle-Aged with Teens

Employment Type

Mixed

Average Household Income

$135,313.18

Average Number of Children

1.84

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.94 %

High school certificate or equivalent

35.28 %

Apprenticeship trade certificate/diploma

8.68 %

College/non-university certificate

21.57 %

University Degree

15.52 %

Commuter

Travel To Work

By Car

93.86 %

By Public Transit

0.65 %

By Walking

3.32 %

By Bicycle

0.0 %

By Other Methods

2.17 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

7.41 %

Houses

92.59 %

20 QUEEN STREET, Innisfil, Ontario, L0L 1L0