Welcome to this iconic building on Queen Street in the heart of Cookstown! A rare investment and development opportunity located just minutes from Highway 400 and surrounded by new residential development. Situated on an impressive 30 x 220 ft double lot with excellent exposure at Queen Street and W...ellington Street, this freestanding commercial/residential property offers tremendous potential for investors, builders and end users. The property features an established barber shop tenant on a 5-year lease at $1,000/month plus HST, providing immediate rental income. The residential portion includes a spacious 3-bedroom apartment that can be refurbished and rented for additional income. Unfinished basement provides further potential, with driveway and access to the rear of the property. What truly sets this property apart is the potential severance opportunity at the rear to create an additional residential building lot and potentially build another home, subject to municipal approval. The depth of the property and double-lot configuration create possibilities rarely available in this area. Hold, renovate, generate income, explore the severance potential, or position yourself for the continued growth of Cookstown. Opportunities like this are becoming increasingly difficult to find. Excellent location, existing income and future development potential all in one property. Property is being sold As Is, Where Is.
Full Property Details
Interior
Bedrooms
3
Total Bedrooms
3
Washrooms
1
Square Footage
1100-1500 sqft
Basement
Crawl Space
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Other
Family Room
No
Kitchens
1
Total Kitchens
1
Fireplace Features
No
Bedrooms
3
Total Bedrooms
3
Washrooms
1
Square Footage
1100-1500 sqft
Basement
Crawl Space
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Other
Family Room
No
Kitchens
1
Total Kitchens
1
Fireplace Features
No
Exterior
Depth
220.0
Front
30.0
Driveway
Available
Lot Size
30 x 220.0 ft
Pool
None
Parking Spaces
4
Total Parking Spaces
4.00
Parking Description
None
Garage Spaces
0
Zoning
Mu5 - Mixed Use 5 Special
Depth
220.0
Front
30.0
Driveway
Available
Lot Size
30 x 220.0 ft
Pool
None
Parking Spaces
4
Total Parking Spaces
4.00
Parking Description
None
Garage Spaces
0
Zoning
Mu5 - Mixed Use 5 Special
Building Description
Style
2-Storey
Home Type
House
Subtype
Detached
Property Orientation
North
Exterior Finish
Aluminum Siding
Sewers
Other
Water Supply
Municipal
Possession Date
No Data
Style
2-Storey
Home Type
House
Subtype
Detached
Property Orientation
North
Exterior Finish
Aluminum Siding
Sewers
Other
Water Supply
Municipal
Possession Date
No Data
Community
Community
Cookstown
Community
Cookstown
Taxes & Fees
Taxes
$4,296 /yr
Tax Year
2026
Occupancy
Owner
Taxes
$4,296 /yr
Tax Year
2026
Occupancy
Owner
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