The last completed appraisal valued the property at $325,000 so it currently is priced to sell.
The house has 2 bedrooms and 1 bathroom.
There is no basement and the one car garage is detached.
The property has its own septic system and the home is heated by way of a forced air oil furnace.
Water source is from a well on the lot.
The property consists of a corner lot being an approximately 49,223.362 square foot parcel of land level with the adjoining roadway that has approximately 527.854 feet of frontage on Arthur Street West (26 Highway) which is a two lane arterial roadway and 156.692 feet of frontage on Lansdown Street North.
The Town of the Blue Mountain Official Plan has the site designated as Commercial.
An analysis of site characteristics, nearby improvements and reported development of the vacant lot kitty corner to the subject with a national grocery chain indicates that the
subject site could adequately support physical commercial development.
Development within the subject neighborhood is financially feasible considering the retail, commercial and residential use buildings located along Arthur Street, King Street
and 26 Highway.
The house is protected by the conservation authority.
You can renovate the existing residence but you can’t rebuild.
The rest if the site offers great access to local highways and is well suited for a future commercial application if desired.