719 Peel Street, Woodstock, ON N4S 1L5

Woodstock N4S 1L5 Ontario

MLS: X12737176

$649,900

Added 17 days ago | For Sale

Listed by: Century 21 Heritage House Ltd Brokerage

About Property

719 Peel Street is a versatile investment opportunity featuring solid rental income, a central location, and long-term redevelopment potential in the heart of Woodstock. 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. Buyers are to satisfy themselves regarding zoning, permitted uses, and compliance. A property with this combination of income, location, flexibility, and upside potential is truly a rare find in the Woodstock market. The Seller is open to considering a Vendor Take-Back (VTB) mortgage for qualified buyers, which may provide added flexibility when structuring the purchase. Offers welcome.

Features

  • House Style:Investment
  • Bathrooms:1
  • Land Size: 93.74 X 49.6
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Wilson Street and Dundas Street
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $3878.49
  • Bedrooms:
  • Total Parking Spaces:3
  • Parking Places:3
  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12737176

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