265 KING STREET N, New Tecumseth (Alliston)
$2,200,000
For sale: Other
- Property type
- Commercial Retail
- MLS®
- MLS® N13774818
- Neighbourhood
- Alliston
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 generating 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. Additional financial and property information is available upon request.
Sold data
Homes in New Tecumseth (Alliston) — recent sold market
Homes in New Tecumseth (Alliston) took a median of 38 days to sell over the last 90 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 69, across 173 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 65 days.
The median sale price was $779,900.
Homes sold for about 2.9% below asking on average, so there was room to negotiate.
About 9% of sales closed above the list price.
Around 24% of sellers reduced their price before finding a buyer.
- Median days to sell
- 38
- Median sale price
- $779,900
- Sale-to-list ratio
- 97.1%
- Sold above asking
- 9%
Based on 173 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Currently for sale
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