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Home ON Hastings Wollaston
5490 HIGHWAY 620
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5490 HIGHWAY 620 $589,000
1 day ago
$589,000
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5490 HIGHWAY 620
Wollaston, Ontario K0L1P0

MLS® Number: X12154524
6
Bedrooms
3
Bathrooms
-
Square Feet

Listing Description

A Prime Commercial Opportunity in the Heart of Coe Hill Discover a remarkable investment opportunity with this versatile C3-zoned property, perfectly positioned in the vibrant community of Coe Hill. This multi-use building offers two levels of prime retail space, three modern apartments, and a spacious workshop, making it an ideal choice for entrepreneurs and investors alike. Situated steps from a grocery store, LCBO, park, and fire hall, minutes from Wollaston Lakes public beach, the location ensures excellent foot traffic and visibility. Large window fronts enhance curb appeal and provide opportunities for eye-catching displays, drawing in potential customers. The upstairs apartment features two bedrooms, eat-in kitchen, a dining area, and a 3 piece bath, offering a comfortable living space. The main-level one-bedroom unit includes a four-piece bath, private entry, a 200-amp panel/meter, laundry, and electric heating. The owners suite, which can also serve as a rental, includes a main-floor bedroom, two additional upstairs bedrooms, a four-piece bath, propane heat, an electric fireplace, and laundry. For added flexibility, the two upstairs bedrooms in the owners suite can be combined with the upstairs apartment, creating a spacious four-bedroom unit. The basement is full of potential, featuring a health-inspected kitchen, wood flooring, a 100-amp panel, and space for an additional bathroom. Its ideal for conversion into another apartment, office, or cafe. Currently operating as a bait and tackle/hardware shop, the open retail space offers endless business possibilities, from boutique to cafe. A rear workshop provides storage or workspace, seamlessly connecting to the retail area. Additional features include a 2022 septic system with expansion capacity, a steel roof, included appliances, a well with a heated box, and a 2021propane furnace. The property's robust electrical setup includes separate 200-amp panels for key areas and a 100-amp panel for the basement. (40480277)

Location Description

Main Street Coe Hill

Property Summary

Property Type
Retail
Building Type
Residential Commercial Mix
Storeys
2
Community Name
Wollaston
Land Size
70 x 125 FT|under 1/2 acre
Age Of Building
100+ years
Annual Property Taxes
$3,163.63
Parking Type
Garage
Time on REALTOR.ca
1 day

Building

Bedrooms
Above Grade
6
Bathrooms
Total
3
Interior Features
Appliances Included
Water Heater, Dryer, Stove, Washer, Refrigerator
Basement Type
Full (Partially finished)
Building Features
Features
Dry
Foundation Type
Concrete
Fire Protection
Smoke Detectors
Building Amenities
Separate Heating Controls, Separate Electricity Meters
Rental Equipment
Water Heater, Propane Tank
Heating & Cooling
Heating Type
Forced air (Propane)
Utilities
Utility Type
Wireless (Available), Electricity Connected (Connected), Telephone (Nearby)
Utility Sewer
Septic System
Water
Drilled Well
Exterior Features
Exterior Finish
Wood
Neighbourhood Features
Community Features
Community Centre
Amenities Nearby
Beach, Place of Worship, Schools
Parking
Parking Type
Garage
Total Parking Spaces
3

Land

Lot Features
Frontage
70 ft
Land Depth
125 ft
Other Property Information
Access
Year-round access
Zoning Description
C3
Data provided by: Central Lakes Association of REALTORS® Unit 5 - 1100 BENNETT Road, BOWMANVILLE, Ontario L1C 0Y7
MARY BROWN