Most properties ask you to choose between lifestyle and income. This one gives you the opportunity for both.Set on more than 9 acres, this rare mixed-zoning property combines substantial commercial infrastructure with future residential potential in a way that is becoming increasingly difficult to find. With M2 (commercial/light industrial) zoning and HR (Hamlet Residential) zoning across two distinct sections of the property, the possibilities here are exceptional.The northern M2 portion fronts Highway 41 and includes approximately 19,000 sq. ft. of covered space with outstanding exposure along a key corridor between Highway 401 and Highway 7. The heated 4,000 sq. ft. main building offers 400-amp 3-phase power, five oversized drive-in bays with impressive 16 and 18 foot ceilings, office and staff areas, washroom facilities, and extensive storage space. Multiple heavy-duty hangars, sea cans, full fencing, gated access, and monitored security create infrastructure that would be extraordinarily expensive to replicate today.For entrepreneurs, trades operations, contractors, fabricators, storage businesses, fleet operators, or investors, this is the kind of property that can support serious scale. The site is currently operating as a profitable storage facility with repeat clientele and consistent cash flow, while still leaving significant room for expansion, additional revenue streams, or owner occupied business use.The southern HR-zoned portion, accessed separately from Addington Road 2, provides an ideal setting for a future home, creating the opportunity to live and work from one highly versatile property without sacrificing space or separation.Very few properties offer this combination of infrastructure, exposure, acreage, flexibility, income potential, and future residential opportunity all within one package. This property isn't for everybody, But if f you're the kind of person who thinks bigger than average... you'll understand this property immediately. (id:66096)
Property Details
MLS®
X13170800
Property Type
Vacant Land
Zoning
HR & M2
Bathrooms
1
Lot Size
600 × 343 ft (4.73 acres)
Frontage
600 ft
Heating
Forced air, Propane
Property Tax
$10,621.21/yr
Listed
163 days ago
Features
Exterior
Steel
Lot Features
Irregular lot size, Flat site, Level
Services
Water
Dug Well
Utilities
Electricity
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
163d
Addington Highlands (Addington Highlands) listings, avg age
124d
List price
$618K
Long Listed: 163 days on market, against an average age of 124 days across the listings currently for sale in this city
Market timing · days on market0 → 124d avg age of current listings
Long Listed · day 163
Homes here sell slower than most markets
Sold homes in this market spent an average of 90 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 93.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
Haho
This vacant land in Addington Highlands (Addington Highlands) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (K0H)
This home lists at $618,000, about 6.7× the local median household income of $92,000.
Carrying it typically needs a household income of about $120,717 (20% down, 25-yr amortization, stress-tested) — roughly 31% above the area median.
Median household income
$92,000
Population
47,286
Median age
51.2
Owner / renter
91% / 10%
Avg. household size
2.4
Source: Statistics Canada, 2021 Census (FSA K0H)
$618,000
For sale
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Financing
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