Excellent redevelopment opportunity along the highly visible Tranquille corridor. This centrally located mixed-use property is fully tenanted and consists of two street-front commercial units with three residential units above, offering immediate holding income. The building provides approximately 4,780 sq. ft. of gross leasable area (approximately 5,000 sq. ft. total) and sits on an 11,819 sq. ft. parcel with access from both Tranquille Road and Hilltop Avenue. Zoned CNS, the property allows for a wide range of future redevelopment options including mixed-use commercial/residential, hotel, office, and retail uses. Current commercial leases in place providing flexibility for future planning. Municipal tax incentives are available for qualifying redevelopment projects. Located in an area undergoing significant revitalization, this property presents a rare opportunity to secure a strategic asset on the North Shore with strong long-term upside. Ideal for investors or developers seeking income today with redevelopment potential tomorrow. (id:47421)
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Detailed Information
Listing Contract Date
2026-01-12
Municipal ID
003-613-119
Ownership Type
Freehold
# of Parking Spaces
14
Property Type
Other
Transaction Type
For sale
Building
Type
Other
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Rear
Land
Total Size
0.27 acres
Sewer
Municipal sewage system
Size of Irregular Land
0.27
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