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    Power of sale opportunity with exceptional redevelopment and income potential. Situated on a substantial 67.32 x 163.84 ft lot (0.25 acres) along a key transit corridor, this C2-zoned property offers nearly 3,000 sq ft above grade and is being sold stripped to the studs with permits already in place for a 4-5 unit conversion. Ideal for investors, developers, or owner-operators seeking flexibility, scale, and long-term upside. The property features a rare rear double detached garage seamlessly connected to an approximate 1,200 sq ft warehouse space with impressive 13' ceilings, creating outstanding potential for storage, commercial use, live/work functionality, or future adaptive reuse. Ample on-site parking for 10+ vehicles further enhances usability and tenant appeal. Designed with strong income fundamentals in mind, the project is positioned for CMHC take-out financing with projected gross annual income of approximately $116,400 and 4 hydro meters already in place. Opportunity exists to convert the asset to fully residential use or maintain a mixed-use configuration under flexible C2 zoning. Large lot dimensions, transit-oriented positioning, and existing scale make this an exceptional candidate for future high-density redevelopment in a rapidly intensifying corridor. Rare opportunity to secure a value-add asset with multiple exit strategies and significant long-term upside. (id:24093)
    Listed by Abdellah Majd of Revel Realty Inc.

    Property Details of 822 Main Street East

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    "Based on information submitted to CREA as of May 29, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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