5
$750,000 Sale
Listed 41 days ago
16 Spencer Street
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Listing History
Buy/Sell/Terminated/Expired listing history for 16 Spencer Street
Key Facts
Key facts for 16 Spencer Street
Property Type
Commercial
Parking
None
MLS #
X13735552
Size
-
Basement
-
Listed on
2026-09-02
Lot size
53 x 196.98
Tax
$3,503 /yr
Days on Market
41
Approximate Age
-
Maintenance Fee
-
Description
Exceptional redevelopment and investment opportunity with prominent Highway 6 exposure in Hepworth, within the Town of South Bruce Peninsula. Strategically located commercial property offering existing utility together with significant future redevelopment potential. The property was historically op...erated as a gas station, with the former underground tanks reportedly removed decades ago. An existing garage building remains on the property and may continue to be utilized while a purchaser pursues future redevelopment and the required approvals. Preliminary planning and redevelopment work has been undertaken for a proposed commercial redevelopment, including concepts for a new gas station and convenience retail use. The property has also been the subject of pre-consultation with the Town of South Bruce Peninsula and the Ministry of Transportation, providing valuable information regarding requirements and considerations for future development. An excellent opportunity for investors, developers, fuel retailers, convenience-store operators, automotive businesses or purchasers seeking a highly visible commercial property with long-term upside. Continue utilizing the existing building while advancing redevelopment plans, providing flexibility and the potential to phase investment. Purchaser to complete their own due diligence regarding zoning, permitted uses, environmental matters, development potential and all required approvals. Preliminary concepts and pre-consultation information may be available to qualified purchasers.Vendor Take-Back (VTB) financing may be available to qualified purchasers, subject to acceptable terms and conditions.Rare opportunity to acquire a strategically located property with an existing usable building, Highway 6 exposure and significant redevelopment potential.
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Courtesy of: HOMELIFE SUPERSTARS REAL ESTATE LIMITED