179-191 Queen Street - Availability Details

For Sale$5,999,900

179-191 Queen Street, Port Perry, ON L9L 1B8

  • Retail
  • Street Retail

Details

  • Price $5,999,900
  • City Port Perry
  • Neighborhood Scugog
  • Zip Code L9L 1B8
  • Property Type Retail - Street Retail
  • Property Size 17,754 Sqft
  • Lot Size 0.39 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated 28 Jan, 2021

Description

The Township of Scugog is part of the Region of Durham and is located approximately 65 kilometers (50 minutes) north-east of the City of Toronto, and the town of Port Perry occupies Scugog Ward areas 2 and 5. With its bustling marina on the southwestern tip of Lake Scugog, Port Perry is the Greater Toronto Area’s closest access point to the open waters of the Trent-Severn Waterway. The Township of Scugog takes great pride in its rich historicity and cultural heritage. The subject property is located within a section of Queen Street designated as Port Perry’s Heritage Conservation District, where residents and visitors enjoy all the attractions and amenities of a bustling downtown while surrounded by beautiful Victoria architecture. Port Perry’s Historic Downtown is the Township’s central business district and profits greatly from the support of Port Perry’s capable and proactive Business Improvement Association. Local residents enjoy the many business and services located within the downtown area, and many national financial and service providers (RBC, TD Canada Trust, CIBC, Re/Max) and retailers (Home Hardware, Tribal Voices, the Nutty Chocolatier) are located on Queen Street within one block of the subject property. Canada Post is located directly across the street, the Scugog Township Office is around the corner, and the Scugog Public Library is a mere two blocks away. Downtown activity is further enhanced by its immediate proximity to waterfront recreation via the Port Perry Marina and Palmer Park Kinsmen Beach on the shores of Lake Scugog. Port Perry’s historic downtown is also a favored set location for the film industry. In 2009, the Township of Scugog secured $7 million in grant funding from the Federal and Provincial Governments in support of its Downtown Waterfront Revitalization Project. Together with the township’s own $3.5 million, these funds were allocated toward the 10,000 square foot expansion and award-winning transformation of the aforementioned Scugog Public Library , expansion of downtown municipal parking facilities, improvements to downtown streets, streetfronts, boardwalks, and walking trails, and the expansion of storm water management infrastructure, which was further enhanced by the recent completion of the new Nonquon Water Pollution Control Plant, which serves urban Port Perry and was named 2017 Project of the Year by the Ontario Public Works Association in their $10-50 million environmental category . Phase 2 of the Downtown Waterfront Revitalization Project is now underway and contemplates further revitalizations and improvements to the waterfront area. These ongoing improvements, together with its close proximity to the Greater Toronto Area, its irreplaceable gateway location to the Trent-Severn Waterway on the southern tip of Lake Scugog, and its irresistible charm, urban Port Perry is in prime position for further growth and continued vitality for years to come.

Highlights

  • Port Perry's most recognized building landmark and downtown's retail anchor
  • Only 15-20 min away from expanded 407/412 Highway and only 65 km from DVP/401.
  • Extreme visibility
  • Stable, long-term retail income
  • Numerous opportunities for significant rental upside

Commercial Broker

broker

Derek Green

RE/MAX Eastern Realty Inc. Brokerage

(705) 742-6302

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