689-697 Main Street E Hawkesbury, Ontario K6A 1B3

$649,900

695 Main Street West presents a rare and exceptional development opportunity in the heart of growing Hawkesbury. Strategically located on a prime corridor with excellent visibility and accessibility, this expansive lot offers immediate potential for investors, developers, and builders alike. Currently zoned to permit a 24-unit residential building as-of-right, the property also stands to benefit from evolving provincial legislation aimed at increasing housing density, creating the possibility for even greater future development potential. Adding immediate value to the site is a massive on-site storage shed with strong income-generating capability, offering approximately $2,500/month in potential rental revenue. Whether utilized for contractor storage, commercial use, or supplementary passive income, the structure provides flexibility and added cash flow while development plans are underway. Ideally situated close to shopping, schools, restaurants, parks, healthcare services, and major transportation routes, this property combines convenience, long-term upside, and strong investment fundamentals in one of Eastern Ontario's emerging growth markets. Opportunities like this are increasingly rare - secure a high-potential development site with existing income and significant future upside today. (id:55689)

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https://www.realtor.ca/real-estate/29762044/689-697-main-street-e-hawkesbury-612-hawkesbury