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Royal LePage
Royal LePage
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$699,000

Woodstock (Woodstock - South) ON, N4S 1L5

MLS® # X12523092

Property Information:

719 Peel Street offers a rare investment and redevelopment opportunity in the heart of Woodstock! This property is compelling mix of strong rental income, prime location, and future potential. Currently used as a non-conforming triplex, this well-maintained R2-zoned property sits just steps from Dundas Street and immediately west of the Rexall Pharmacy and retail plaza, placing it in one of Woodstock's most accessible and desirable mixed-use corridors. Ideally positioned for future growth or possible re-zoning to office or commercial use (subject to approvals), the property is currently used as a non-conforming triplex with three self-contained units, each featuring its own kitchen. The basement unit is presently used as a residential rental unit but could easily be converted into more living space or a fantastic home office for the main level. The property is in great condition with many recent upgrades - including upgraded electrical, plumbing, new flooring in many areas, and a recently-shingled roof. Centrally located near major schools, shopping, and transit, this versatile property appeals to investors, owner-occupiers, and entrepreneurs alike. Please inquire for full income and expense details. Property being sold "as is," with buyers to satisfy themselves regarding zoning, permitted uses, and compliance. A property with this combination of location, flexibility, and upside potential is truly a rare find in the Woodstock market. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 2204 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned
  • Appliances: Dishwasher, Dryer, Microwave

Property Features:

  • Property Type: Multi-family
  • Bathrooms: 1
  • Features: Irregular lot size
  • Floor Space (approx): 2204 Square Feet
  • Irregular: Yes
  • Lot Depth: 49.6 Feet
  • Lot Frontage: 93.7 Feet
  • Lot Size: 93.74 x 49.6 FT ; 63.91ft x 4.01ft x49.93ftx49.6ftx93.74ft
  • Zoning: R2
  • No. of Parking Spaces: 3

Courtesy of: Century 21 Heritage House Ltd Brokerage

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 719 PEEL STREET, Woodstock (Woodstock - South), Ontario, N4S 1L5

Demographic Information of 719 PEEL STREET, Woodstock (Woodstock - South), Ontario, N4S 1L5

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$84,209.90

Average Number of Children

1.51

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

26.41 %

High school certificate or equivalent

38.27 %

Apprenticeship trade certificate/diploma

4.49 %

College/non-university certificate

26.81 %

University Degree

4.02 %

Commuter

Travel To Work

By Car

87.13 %

By Public Transit

0.32 %

By Walking

7.3 %

By Bicycle

0.0 %

By Other Methods

5.25 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

20.55 %

Houses

79.45 %

Own Vs. Rent

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