1167 Division Street Cobourg, Ontario K9A 0Z4

$1,200,000

Exceptional Mixed-Use Commercial Opportunity with Endless Potential! A rare opportunity to acquire a substantial property offering outstanding potential for future development, investment or adaptive reuse. The location provides great access to 401, with the tranquility of a quiet street. Situated on a generous 0.8-acre lot with dual road frontage, paved driveway and a detached double garage, this unique property is zoned Mixed-Use Commercial and offers a wide range of possibilities. Potential uses may include retirement living, mixed commercial/condominium development, banquet hall, community centre, hotel, place of worship, private club, school and more. An astute Buyer can envision the possibility of transforming a well-positioned property into a distinctive destination combining professional services, residential living, attractive architecture and long-term investment potential. The existing home is an impressive century home offering over 3,000 sq. ft. of space, providing a substantial footprint for a variety of potential uses. Retaining much of its original character with minimal upgrades, the home features large principal rooms and lovely wood flooring throughout the main level. The current residential layout includes a kitchen, spacious living, dining and family rooms, main-floor laundry, 2-piece bath and a sunroom. The upper level offers three generously sized bedrooms with good closet space, an oversized main bathroom. Whether you are an investor, developer or entrepreneur seeking a property with versatility and long-term potential, this distinctive offering combines a substantial existing structure, a large parcel of land and a wealth of possibilities for the future. (id:49269)

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https://www.realtor.ca/real-estate/30443436/1167-division-street-cobourg-cobourg