1140 3rd Avenue E Owen Sound, Ontario N4K 2L4

$89,000

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:42776)

Property Details

MLS® Number	X13730068
Property Type	Vacant Land
Community Name	Owen Sound
Amenities Near By	Highway, Public Transit

Building

Size Interior	5,726 Sqft
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Highway, Public Transit
Size Depth	165 Ft
Size Frontage	35 Ft
Size Irregular	35 X 165 Ft
Size Total Text	35 X 165 Ft
Zoning Description	C1

https://www.realtor.ca/real-estate/30217969/1140-3rd-avenue-e-owen-sound-owen-sound