719 Peel Street, Woodstock, ON N4S 1L5 (Wilson Street and Dundas Street)
$ 649900 - MLS : X12737176

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Description

719 Peel Street is a versatile investment opportunity featuring solid rental income, a central location, and long-term redevelopment potential in the heart of Woodstock. Currently used as a non-conforming triplex, this well-maintained R2-zoned property sits just steps from Dundas Street and immediately west of the Rexall Pharmacy and retail plaza, placing it in one of Woodstock's most accessible and desirable mixed-use corridors. Ideally positioned for future growth or possible re-zoning to office or commercial use (subject to approvals), the property is currently used as a non-conforming triplex with three self-contained units, each featuring its own kitchen. The basement unit is presently used as a residential rental unit but could easily be converted into more living space or a fantastic home office for the main level. The property is in great condition with many recent upgrades - including upgraded electrical, plumbing, new flooring in many areas, and a recently-shingled roof. Centrally located near major schools, shopping, and transit, this versatile property appeals to investors, owner-occupiers, and entrepreneurs alike. Please inquire for full income and expense details. Buyers are to satisfy themselves regarding zoning, permitted uses, and compliance. A property with this combination of income, location, flexibility, and upside potential is truly a rare find in the Woodstock market. The Seller is open to considering a Vendor Take-Back (VTB) mortgage for qualified buyers, which may provide added flexibility when structuring the purchase. Offers welcome.

Location Description

Wilson Street and Dundas Street

Property Detail

Facts and Features

Amenities

Listing Contracted With: Century 21 Heritage House Ltd Brokerage