Description

Excellent user or investment opportunity available for sale. Estimated to be built circa 1990 as the 'Twin Peaks Motel', the property has since been converted into a multi-residential configuration. It now comprises 18 self-contained studio units and one detached three-bedroom dwelling. At full occupancy, the estimated rental income is forecasted to be $254,940 per annum. The property is strategically located on a 0.81-acre site with approximately 232.96 feet of frontage along Dundas Street West, providing excellent visibility and accessibility along one of the town's primary commercial corridors. The site features a low building coverage of approximately 18% and 65 surface parking spaces, offering a strong parking ratio and excess land that may support future intensification or redevelopment. The property is believed to be zoned C2 (Arterial Commercial), which permits a broad range of commercial uses including retail, restaurant, office, hospitality, automotive, and service-related operations. This flexible zoning provides investors with the ability to maintain the current income profile or reposition the site into alternative commercial or mixed-use formats, subject to municipal approvals. The property is tenanted and being sold 'as-is, where-is'.

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