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29634 Talbot Line Wallacetown, Ontario N0L 2M0

Landscaped

$1,500,000

Development potential of a 156x132 parcel on the back half of the lot possibly being severed into 3 or 4 building lots. Buyers are encouraged to contact the planner to determine the process and requirements. At the very least it would require a zoning amendment , serverance and service connections. The front half of the lot has served as a community hub for the past forty years and currently serves as a gas bar, restaurant, bakery, post office, and some convenience items. The upper floor has a 3 bedroom residential unit that has been completely renovated over the last few years. Wallacetown is a quiet little community about 5 minutes from Lake Erie midway between Port Glasgow and Port Stanley with an easy drive for the beach and boating enthusiasts. New builds up the road in Dutton are selling in the 800,000 area. Somone interested in development options should consider this as their stepping stone into the lucrative world of residentail property development. The rest of the property could be severed and sold, maintained and managed by the buyer, or leased out to a new business entrepreneur. The three bedroom residential unit is now owner occupied but could also serve as a source of revenue. The buyer is buying the corporation known as The Tall Tales Cafe but the owners will be completing a name change prior to closing. (id:24910)

Property Details

MLS® Number 40215893
Property Type Vacant Land
Amenities Near By Beach, Golf Nearby, Marina, Park, Place Of Worship, Playground, Schools
Community Features High Traffic Area, Quiet Area, Community Centre, School Bus
Features Southern Exposure, Corner Site, Park/reserve, Conservation/green Belt, Golf Course/parkland, Beach

Building

Basement Type None
Fireplace Present No
Utility Water Municipal Water

Land

Access Type Highway Access, Highway Nearby
Acreage No
Land Amenities Beach, Golf Nearby, Marina, Park, Place Of Worship, Playground, Schools
Landscape Features Landscaped
Sewer Septic System
Size Frontage 124 Ft
Size Irregular 0.847
Size Total 0.847 Ac|1/2 - 1.99 Acres
Size Total Text 0.847 Ac|1/2 - 1.99 Acres
Zoning Description Hamlet Commercial

https://www.realtor.ca/real-estate/24098026/29634-talbot-line-wallacetown

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Perry Caskanette
Salesperson

(519) 433-4331
(519) 433-6894

Sutton Group - Select Realty Inc., Brokerage
250 Wharncliffe Road North
London, Ontario N6H 2B8

(519) 433-4331
(519) 433-6894
www.suttonselect.com

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