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Property Description
Power of sale opportunity with exceptional redevelopment and income potential. Situated on a substantial 67.32 x 163.84 ft lot (0.25 acres) along a key transit corridor, this C2-zoned property offers nearly 3,000 sq ft above grade and is being sold stripped to the studs with permits already in place for a 4-5 unit conversion. Ideal for investors, developers, or owner-operators seeking flexibility, scale, and long-term upside.The property features a rare rear double detached garage seamlessly connected to an approximate 1,200 sq ft warehouse space with impressive 13' ceilings, creating outstanding potential for storage, commercial use, live/work functionality, or future adaptive reuse. Ample on-site parking for 10+ vehicles further enhances usability and tenant appeal.Designed with strong income fundamentals in mind, the project is positioned for CMHC take-out financing with projected gross annual income of approximately $116,400 and 4 hydro meters already in place. Opportunity exists to convert the asset to fully residential use or maintain a mixed-use configuration under flexible C2 zoning.Large lot dimensions, transit-oriented positioning, and existing scale make this an exceptional candidate for future high-density redevelopment in a rapidly intensifying corridor. Rare opportunity to secure a value-add asset with multiple exit strategies and significant long-term upside.
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Nearby Intersections
Property Features
Golf, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School, None, Circular Drive, Private, Private Double
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Property Details
Address
822 Main Street
Community
City
Postal Code
L8M 1L6
Property Type
Multiplex, Multiplex
Zoning
C-2 Mixed Use
Lot Size
67' x 164'
Acreage
11,011.5 Feet
Taxes
$10,100 (2026
Basement
Full, Unfinished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
10
Garage Type
Detached
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Listing contracted with Revel Realty Inc.
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