1196 Rainbow Street, Beacon Hill North – South and Area, ON K1J 6X9 – Beacon Hill North – South and Area – $3,099,000

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Description

This unique legal Triplex, currently being used by one family, sits on a large 200′ x 120′ corner lot in a sought-after light industrial zone “IL2 H(14)”. The property offers incredible potential with approximately 1,500 sq. ft. of newly constructed covered storage areas, ideal for various commercial and residential uses. Inside, the well-maintained units feature 10 versatile rooms, each offering the possibility for conversion into separate office spaces or other functional layouts to suit your needs. The expansive yard, measuring 100′ x 120′, is perfect for a range of operations, including warehousing, manufacturing, light assembly, research and development, offices, and select retail ventures. Benefit from unbeatable accessibility with quick access to Highway 417 via the Montreal Road exit and local transit just steps away. Ideally situated at the corner of Canotek Road and Rainbow Street, this property is surrounded by a variety of amenities and businesses, making it an excellent location for both residential and commercial uses. This is a rare opportunity to invest in a property that combines space, flexibility, and unmatched location. Don’t miss out!

Property Details

• Bedrooms: 9
• Property Type: Residential Freehold
• List Price: $3,099,000
• Parking Spaces: 8
• Tax Year: 2024
• Annual Taxes: $8,577