Price
$499,000
BedroomsNot listed
BathroomsNot listed
Size5995.49 sqft
Year BuiltNot listed
Property TypeCommercial
Property Taxes$6608.7
Maintenance FeesNot listed
Rare opportunity to acquire a C5-zoned vacant lot in one of Port Perrys commercial corridors. Perfectly positioned off Simcoe and Scugog intersection, directly across from a busy Tim Hortons drive-through and three gas stations, this site offers exceptional traffic exposure and development potential. Under C5 zoning, the property allows a wide range of commercial uses, with the option to incorporate residential units as long as there is a commercial component on the land. Currently utilized as overflow parking for the adjacent C5-1 commercial building (also available for purchase under MLS E12341186 - 21 Wilbur Ave). The lot is hidden and screened by mature hedges for privacy. Access is currently from the rear of the adjacent property (21 Wilbur), but future direct street access could easily be created by removing all or a portion of the hedge fronting on Wilbur Ave. Development fees will be the responsibility of the Buyer. The Seller will give preference to both properties being purchased together. Survey available. Property is monitored by cameras, do not walk property without contacting agent or booking appt please.
Total Monthly Payment
$2,344 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$399,200
Total Interest Payments
$246,132
Total Payment (Principal + Interest)
$645,332
Estimated Net Proceeds
$68,000
Realtor Fees
$25,000
Total Selling Costs
$32,000
Sale Price
$500,000
Mortgage Balance
$400,000
Sales Representative
A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.
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