121 Cavan Street
Port Hope, ON
- 2 sqft
- Land
- 29 days on market
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.
Listing Details
- Taxes (2025)
- $24,853
- Originally Listed
- $950,000
- Listed
- August 19, 2026
Price History
Listing history
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Property
- Lot Size
- 114 x 565 Feet
Parking
- Garage
- Outside/Surface
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Cavan St / Bedford St
- Zoning
- Emp 2 - Service Employment
- Parcel Number
- 510760303
- Possession
- Immediate
- Occupancy
- Vacant
Community
Postal area L1A
- Population
- 15,845
- Private dwellings
- 7,030
- Median age
- 51.2
- Average household size
- 2.3
- Median household income
- $86,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Port Hope · last 12 months
- Median sold price
- $690,000
- Homes sold
- 251
- Median days on market
- 28
- Sale-to-list price
- 96.3%
Based on 251 recorded sales of commercial properties in Port Hope over the last 12 months.
Listed by
CUBECOM COMMERCIAL REALTY INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Annual property tax
- $24,853
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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