Lot 9 + 10 16TH Street East, Owen Sound, Ontario, N4K5N3




$20,000,000
Owen Sound
This retail property in Owen Sound is for sale offering roughly 33 sq ft of space.
BIG BOX RETAIL AND HIGH DENSITY RESIDENTIAL DEVELOPMENT SITE. TRUNKLINE WATER AND SEWERS EXTENDED ACROSS REAR AND SIDES OF PROPERTY. 120 RESIDENTIAL CONDO"S TO BE BUILT ACROSS THE STREET WITH NEW SIGNALIZED TRAFFIC LIGHTS. PROPOSED ZONING IN OFFICIAL PLAN " EAST CITY COMMERCIAL " WHICH INCLUDES HIGH DENSITY RESIDENTIAL AND BIG BOX RETAIL DEVELOPMENT. CURRENTLY ZONED 8 ACRES C2-1 COMMERCIAL AND 25 ACRES M2-1 INDUSTRIAL. OVER 800 FEET FRONTAGE ON 16TH STREET (HWY 26) AND 800 FEET FRONTAGE ON AN UNOPENED ROAD IN INDUSTRIAL PARK. ACROSS THE ROAD FROM NEW FRESHCO GROCERY STORE. NEW UHAUL MOVING AND STORAGE BEING BUILT ADJACENT TO PROPERTY. BESIDE VAN DOLDER HOME IMPROVEMENT. ACROSS THE STREET FROM WALMART, HOMEDEPOT, WINNERS, HOMESENSE, PRINCESS AUTO, MICHAELS, BURGER KING, ETC. NUMEROUS RESIDENTIAL SUBDIVISIONS BEING BUILT IN THIS AREA INCLUDING A NEW CATHOLIC SCHOOL FOR 1200 STUDENTS. DETAILED PROPERTY INFORMATION LOCATED IN THE ATTACHMENTS. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 120 days on market, against an average age of 92 days across the listings currently for sale in this city
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Approximate location — exact address confirmed upon showing
This home lists at $20,000,000, about 287.8× the local median household income of $69,500.
Carrying it typically needs a household income of about $3,906,700 (20% down, 25-yr amortization, stress-tested) — roughly 5521% above the area median.
Source: Statistics Canada, 2021 Census (FSA N4K)
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