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Listed by SHAYNE MALONE ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
$474,900
Est. payment /mo
New
1035 Hwy 17 E Wahnapitae, ON P0M 3C0
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Key Details
Property Type Other Types
Sub Type Residential Units
Listing Status Active
Purchase Type For Sale
Subdivision Wahnapitae Nc25
MLS Listing ID 2130465
Available Date 2026-09-18
Property Sub-Type Residential Units
Property Description
PRIME TRANS-CANADA HIGHWAY COMMERCIAL INVESTMENT OPPORTUNITY! An exceptional opportunity to own a C2 Highway Commercial property with immediate rental income and significant future commercial potential. Located directly along Highway 17 in Wahnapitae, this property offers excellent highway visibility and exposure while generating income from 9 rental pads. The property currently produces approximately $47,000 in gross annual rental income with approximately $14,000 in annual operating expenses, resulting in an estimated $33,000 Net Operating Income (NOI). At the asking price of $474,900, this represents an approximate 6.95% capitalization rate based on current operations. Beyond the existing income, the C2 Highway Commercial zoning provides potential for a variety of commercial uses, subject to municipal approvals and applicable regulations. The strategic Trans-Canada Highway location creates excellent exposure for future commercial development, expansion, storage, equipment-related uses, service businesses and other permitted commercial opportunities. This property offers investors the opportunity to acquire an income-producing asset today while retaining potential for future commercial development. Whether you're seeking an investment property, additional income-producing land, or a strategic highway commercial location for your business, this property is worth exploring.
Location
Province ON
Interior
Heating None
Cooling None
Exterior
Parking Features Circular, Visitor Parking
Building
Foundation Unknown
Others
Senior Community Unknown
Nearby Locations
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