264 King Street
Clarington, L1C 1P9
FOR SALE
$5,000,000
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Investment
CATEGORY 317.62 x 246.76
LOT SIZE E13737926
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Property Description
Three-storey stucco-sided structure, offering approximately 74,000 square feet (6,875 square metres) above grade, plus a fully finished basement level. It is currently configured as a long-term care and retirement home facility. Please note that this building will not have future utility as a long-term care facility, as the bed allotment has been relocated to a new facility. Lands: Approximately 1.805 acres of land, located on the northeast corner of King Street East and Galbraith Court, with 317 feet of frontage along King Street East and 250 feet along Galbraith Court. This property is ideally located across the road from the Bowmanville Mall, an enclosed mall anchored by both a large-brand grocery chain and a large-brand pharmacy chain. Additionally, the subject property abuts a new five-storey, 32-unit residential build to the east and a mix of single homes and townhomes to the north. Zoning: The current zoning is R1-3 and is included in the "East Business District" as part of the recently approved Bowmanville East Urban Centre Secondary Plan, with an intended land use of Medium Density Residential. Note: Property Taxes are not assessed, as prior long-term care use was exempt.
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Property Details
Address
264 King Street
Community
City
Postal Code
L1C 1P9
Property Type
Investment, Investment
Use
Apartment
Zoning
R4-25
Lot Size
318' x 247'
Acreage
1.8 Feet
Heat Type
Gas Forced Air Closed
Water
Municipal
Garage Type
None
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Listing contracted with Re/Max Jazz Inc.
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