Description

Power of Sale Prime Redevelopment Opportunity in the Heart of Collingwood. An exceptional chance to secure five adjoining properties 162, 170, 172 & 180 First Street offering nearly 200 ft. of high-visibility frontage on bustling First Street, with traffic counts of approximately 25,000 vehicles per day. This rare, high-traffic corner location provides outstanding exposure and long-term redevelopment potential under C-4 mixed- use zoning. C-4 mixed-use commercial zoning allows a wide variety of redevelopment possibilities. 162 First Street Approx. 1,000 sq. ft. of ground-floor commercial space with one bathroom and a Commercial tenant in place. 170 First Street Duplex with: 2-bedroom, 1-bath unit 3-bedroom, 1-bath unit and has 2 tenants. 172 First Street Detached home with 2 bedrooms and 1 bathroom and is vacant. 180 First Street Five plex featuring: Two 1-bed/1-bath units One 2-bed/1-bath unit Two bachelor units (each with 1 bath) Three units are tenanted and two units are vacant. There is immediate rental income as you plan your redevelopment vision. (SEVERANCE REQUIRED FOR INDIVIDUAL SALES). This is a rare offering of prime commercial land and income properties in sought-after Collingwood, ideal for investors, developers, or businesses seeking a flagship location. For additional phots go to FOR 162 https://otido.com/162first/ FOR 170 https://otido.com/170first/ FOR 172 https://otido.com/172first/ FOR 180 https://otido.com/180first/

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