$525,000
$599,000
12.4%For more information regarding the value of a property, please contact us for a free consultation.
475 Main Street E Palmerston, ON N0G 2P0
1.54 Acres Lot
Key Details
Sold Price $525,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40448927
Sold Date 12/07/23
Annual Tax Amount $2,110
Lot Size 1.536 Acres
Acres 1.536
Property Sub-Type Commercial
Source Waterloo Region
Property Description
Presenting an excellent investment opportunity in the Town of Palmerston—an emerging area with great potential. This 1.536-acre parcel, conveniently located on the main highway, comes with C-2 zoning, making it a highly promising prospect for investors.
The property offers the possibility of constructing a commercial building that covers 51% of the total square footage allowed, while also allowing for the potential addition of multi-level residential units, provided they comply with the existing zoning regulations. Notably, this particular property is the only one of its kind in Palmerston with this unique zoning classification and direct access to Highway #23. With a multitude of possibilities, this commercial lot holds significant potential for various ventures. Interested parties can obtain further details and information by contacting the Town of Minto building department at 519.338.2511.
Location
Province ON
County Wellington
Area Minto
Zoning C-2
Direction Follow Main St. E. to the property on the North Side of Main St. East
Rooms
Kitchen 0
Interior
Fireplace No
Exterior
Street Surface Paved
Lot Frontage 49.42
Lot Depth 518.11
Garage No
Building
Lot Description Urban, Irregular Lot
Faces Follow Main St. E. to the property on the North Side of Main St. East
Sewer None
Water None
New Construction No
Others
Senior Community false
Ownership Freehold/None
Read Less
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