3 bed
2 bath
7,200 sqft
Other
Built in 1972
41,595 sqft lot
6 parking
Pets allowed
Freehold Strata
RM1&2 zone
Public remarks
Opportunity to acquire a fully tenanted, income-generating property with an approved development permit for the southern portion. The northern portion consists of six updated, 3-bedroom, 2-bathroom, two-level townhomes, some with ocean views. Enjoy steady rental income while developing the southern portion, which has approval for a 33-unit, three-story residential building over a concrete parking garage, with many units offering ocean views. The Township is currently reviewing and amending its Official Community Plan. There is potential for rezoning the northern portion to allow for increased density and redevelopment opportunities.
Private remarks
Two access points, southern portion of the property can be accessed from School Road and northern portion from Corlett Road. All measurements are approximate and buyer must verify if deemed important.. Please do not walk the property without prior approval from listing agent. SIX STRATA LOTS, SIX TITLES- EACH UNIT HAS ONE SIXTH SHARE IN COMMON PROPERTY. PID's 024-370-223, 024-370-231, 024-370-240, 024-370-258, 024-370-266, 024-370-274. ALL PROPERTIES MUST BE SOLD IN CONJUNCTION. Double Exposure
Buyer agency compensation
1% of purchase price.
$5,390,000 ($748/sqft)
Active
Listed
10/09/2024
Expiry date
Original price
Gross taxes (2023)
$16,241.00
Property transfer tax
$187,500.00
Association fees
$0.00
Last Updated: 04/15/2025 01:02 PM
Courtesy of Macdonald Realty
| Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
|---|---|---|---|---|---|---|---|---|
| 1-6 715 Corlett Road | R2934661 | 04/15/2025 01:02 PM | 10/09/2024 | Active | $5,390,000 | Login to view | Joanna Moradian PREC* | Macdonald Realty |