For Sale

2502 518 Highway Unit# 2502, Sprucedale, Ontario P0A1Y0

$575,000

2502 518 Highway Unit# 2502, Sprucedale, Ontario P0A1Y0 is For Sale and has a listing price of 575,000. The property is located in the McMurrich-Monteith neighbourhood. It's been on the website for 224 Days.

  • Office
    Property Type
  • 5
    Parking Spaces
  • MLS ID: 40536404
  • Office Name Cocks International Realty Inc., Brokerage, Utters
Property Description

Here’s your chance to be part of history by investing in the iconic Sprucedale Hotel, nestled along the renowned Seguin Trail. The property’s main floor is zoned for commercial use, boasting a spacious bar, dining area, bathrooms, and a commercial kitchen—ideal for launching a successful business venture. Meanwhile, the second and third floors are designated for residential use, offering ample space for the owner’s residence or potential Airbnb rental income. What’s more, VTB (Vendor Take-Back) options are available, providing added flexibility for potential buyers. Additionally, with CG (Commercial General) zoning and 6,500 sq/ft, there’s immense potential for various endeavors. The second and third floors have been predominantly stripped down to their structural studs, laying the groundwork for your vision to flourish. With the bulk of the labor-intensive work already completed, you’re left with the exciting task of customizing the interior to your exact specifications. This presents a prime opportunity to breathe life into your design concepts, shaping a tailored space that maximizes its potential for future value. Beyond the property’s inherent charm and potential, you’ll find unwavering support from the local community and township, eager to facilitate the redevelopment of the property. Situated in a recreational paradise, the hotel enjoys a strategic location on the Seguin Trail and OFSC Snowmobile/ATV Trail systems—making it a highly coveted destination for outdoor enthusiasts. Whether you’re drawn to the thrill of snowmobiling, ATV adventures, or simply immersing yourself in nature, this location offers endless possibilities for recreation and relaxation. Don’t let this rare opportunity slip away. Schedule a viewing today and unlock the unique possibilities that the legendary Sprucedale Hotel has to offer. (id:43137)

Property Details
  • MLS ID: 40536404
  • Price: $575,000
  • Transaction Types: For Sale
  • Ref ID: 26473640
  • Year Built: N/A
  • Property Type: Office
  • Property Type: Commercial
  • Property Sub Category: Office
Price History
List Date MLS ID List Price Status End Date Closed Price
02/02/2024 40536404 $575,000 For Sale - -
11/01/2023 40507623 $580,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
McMurrich-Monteith
  • $542,777 Average List Price
    based on 1 year
  • 9 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 5.19 % Up
  • Sold (12mo) 7
  • Rented (12mo) 0

  • 1 Month Change +33.7%
  • 3 Month Change +8.6%
  • 6 Month Change +25.2%
Walkscore
Property Type Distribution
  • All Houses
    46.26%
  • Commercial
    32.65%
  • Land for Sale
    21.09%
Additional Details
  • Sewers Septic System
  • Basement2 Full
  • Water Well
  • Exterior Aluminum Siding, Brick Veneer
  • Total Parking Spaces: 5
  • Property Features Visual Exposure, Paved Driveway
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 02/02/2024 00:00:00
  • Zoning Y
  • Agent Name: Andrew John Cocks
  • Address Subdivision: Sprucedale
  • Last Updated: 18/06/2024 17:00:40
Open House Dates
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