Description

 Price: $ 1,085,000.00 MLS^®: X13177416         Location : 2347 Baseline Road, Parkway Park - Queensway Terrace S and Area, ON K2C 0E2

WOW! Exceptional income producing asset with huge future development potential! Prime 58x100 ft lot in the fast growing Baseline Corridor. Fully tenanted 2-unit dwelling (4-bed 2-full bath each unit) producing $83,373/yearly ($6947 monthly). An excellent cash flowing asset with a $57,927 Net Income. High demand rental area. You can decide whether you want to keep it operating as a duplex or redevelop in the future. The New Zoning for the property is MS2, allowing high density development up to 20m height. Ideally located just steps to Algonquin College, College Square, Pinecrest Recreation Centre, transit, shopping, and more. (The New Zoning in force is anticipated Sept 2026). Buy this property today and benefit from the up zoning in the nearest future. Buyers to verify zoning/permitted uses.

Location Description

Baseline Road between Southwood Drive and Centrepointe Drive

Property Details

• Community: 6303 - Queensway Terrace South/Ridgeview
• Property Type: Tenant/Residential Freehold
• Bedrooms: 8
• Bath: 4
• Garages: Carport

Building Features

• Foundation Type: Concrete
• Construction Material: Brick-Vinyl Siding
• Total Parking Space: 4

Features

• Heating: Radiant Gas
• Sewer: Sewer ,