7
$2,200,000 Sale
Listed 31 days ago
265 King Street N
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Listing History
Buy/Sell/Terminated/Expired listing history for 265 King Street N
Key Facts
Key facts for 265 King Street N
Property Type
Commercial
Parking
None
MLS #
N13774818
Size
-
Basement
-
Listed on
2026-09-11
Lot size
155 x 151.32
Tax
$8,900 /yr
Days on Market
32
Approximate Age
-
Maintenance Fee
-
Description
LOCATION! LOCATION! LOCATION! Excellent opportunity to own a well-established, turn-key commercial plaza ideally situated in a high-traffic area and serving numerous surrounding subdivisions, with additional future residential development proposed nearby. The plaza features 3 established tenants gen...erating approximately $100,000 per year in total rent, plus TMI, providing an attractive income-producing investment with a strong cap rate. Excellent visibility with easy ingress and egress. Additional development potential allows for approximately 4,000 sq. ft. of additional space above the existing plaza, suitable for rental apartments or professional office space, subject to municipal approvals. Offered for sale by the original owner who built the plaza. A rare opportunity combining stable rental income with future development upside. Do not disturb tenants.
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Courtesy of: REMAX YOUR COMMUNITY REALTY