121 Cavan Street

Power of Sale land opportunity consisting of approximately 2.1 acres of serviced commercial-industrial land with an approximately 10,000 sq. ft. industrial shed remaining. Following fires in 2024 and 2026, the Municipality took control of the demolition and site-cleanup process. The former approximately 55,000 sq. ft. main building has been demolished, and the property is now being marketed primarily for its land and redevelopment value.The property carries a Service Employment designation supporting potential uses such as warehousing, light industrial, manufacturing, cold storage, service commercial, recreational and certain retail-related employment uses, subject to municipal approvals. Convenient access to Highway 401.Through the Port Hope Area Initiative Project, the Municipality has committed $156,575 toward the required site works, which will be assigned to the new owner. The new owner will receive the funds in accordance with the project agreement, with payments tied to the commencement and completion of the applicable works. Supporting municipal agreements and documentation are available for review.The Vendor advises that all outstanding municipal charges, fines or related amounts levied against the property taxes will be cleared by the Vendor from the sale proceeds and will not be assumed by the purchaser.Offered on an "as is, where is" basis. Vendor's Schedule A must accompany all offers. Vendor financing is available, subject to acceptable terms and purchaser qualification. Purchasers must complete their own due diligence regarding zoning, servicing, environmental matters, redevelopment potential, the municipal payment, the remaining structure and heritage status. Vendor is motivated and open to reasonable offers.