TWO PLAYS. ONE DOWNTOWN LOT. $89,000. At 35' x 165', this C1-zoned parcel in the heart of Owen Sound is a small piece of land with some seriously interesting possibilities. PLAY ONE: explore a purpose-built three-storey residential project with up to 6 apartments. PLAY TWO: go mixed-use, commercial at street level with residential above and create the kind of downtown building that generates income from more than one source. Think clinic, wellness, salon, professional office, studio, or boutique retail below, with apartments upstairs. And the timing is interesting: further down 3rd Avenue, two brand new multi-storey residential developments are already reinforcing the infill story along this corridor. Municipal services are available, and a 2021 survey and conceptual site plan are already in hand. You're steps from downtown, the harbour, shops, restaurants and the Bayshore, with an entry price of just $89,000. Build 6 doors. Build mixed-use. Land-bank it and watch what happens around you. There aren't many opportunities to get into the downtown development game for under $100K, and this one already comes with a vision. (id:4069)
Address
1140 3RD AVENUE E
List Price
$89,000
Property Type
Vacant Land
Transaction Type
Sale
Area
Ontario
Sub-Area
Owen Sound
Floor Area
5,726 Sq. Ft.
Lot Size
35 x 165 FT Sq. Ft.
Lot Depth
165 ft
Frontage Length
35 ft
MLS® Number
X13730068
Listing Brokerage
Keller Williams Experience Realty
Postal Code
N4K2L4
Zoning
C1
Site Influences
Highway, Public Transit
Water Source
Municipal water
