$1,100,000
For sale: Detached

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 Wellington 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.
Sold data
Detached homes in Innisfil (Cookstown) took a median of 24 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 45, across 145 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 73 days.
The median sale price was $764,900.
Homes sold for about 3.8% below asking on average, so there was room to negotiate.
About 9% of sales closed above the list price.
Around 17% of sellers reduced their price before finding a buyer.
Based on 145 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Innisfil (Cookstown) has 6 Fraser Institute–rated schools (5 elementary and 1 secondary), averaging 5.0/10.
School ratings from the Fraser Institute's Ontario school report cards.
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