



$1,899,900
New Tecumseth
265 King Street North, New Tecumseth (Alliston), Ontario, L9R1N3
This retail property in New Tecumseth is for sale offering roughly 4,000 sq ft of space.
LOCATION! LOCATION! LOCATION! Excellent opportunity to own a well-established, turn-key commercial plaza ideally situated in a high-traffic area and serving numerous surrounding subdivisions, with additional future residential development proposed nearby. The plaza features 3 established tenants generating approximately $100,000 per year in total rent, plus TMI, providing an attractive income-producing investment with a strong cap rate. Excellent visibility with easy ingress and egress. Additional development potential allows for approximately 4,000 sq. ft. of additional space above the existing plaza, suitable for rental apartments or professional office space, subject to municipal approvals. Offered for sale by the original owner who built the plaza. A rare opportunity combining stable rental income with future development upside. Do not disturb tenants. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 54 days on market, against an average age of 53 days across the listings currently for sale in this city
This retail in New Tecumseth (Alliston) 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
This home lists at $1,899,900, about 19.2× the local median household income of $99,000.
Carrying it typically needs a household income of about $371,117 (20% down, 25-yr amortization, stress-tested) — roughly 275% above the area median.
Source: Statistics Canada, 2021 Census (FSA L9R)
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