16 Spencer Street

South Bruce Peninsula, ON

1 bath
19,687 sqft
Commercial Retail
19 days on market

$750,000

Exceptional redevelopment and investment opportunity with prominent Highway 6 exposure in Hepworth, within the Town of South Bruce Peninsula. Strategically located commercial property offering existing utility together with significant future redevelopment potential. The property was historically operated as a gas station, with the former underground tanks reportedly removed decades ago. An existing garage building remains on the property and may continue to be utilized while a purchaser pursues future redevelopment and the required approvals. Preliminary planning and redevelopment work has been undertaken for a proposed commercial redevelopment, including concepts for a new gas station and convenience retail use. The property has also been the subject of pre-consultation with the Town of South Bruce Peninsula and the Ministry of Transportation, providing valuable information regarding requirements and considerations for future development. An excellent opportunity for investors, developers, fuel retailers, convenience-store operators, automotive businesses or purchasers seeking a highly visible commercial property with long-term upside. Continue utilizing the existing building while advancing redevelopment plans, providing flexibility and the potential to phase investment. Purchaser to complete their own due diligence regarding zoning, permitted uses, environmental matters, development potential and all required approvals. Preliminary concepts and pre-consultation information may be available to qualified purchasers.Vendor Take-Back (VTB) financing may be available to qualified purchasers, subject to acceptable terms and conditions.Rare opportunity to acquire a strategically located property with an existing usable building, Highway 6 exposure and significant redevelopment potential.

Listing Details

Taxes (2026): $3,503
Listed: September 2, 2026

Price History

Listing history

Property

Lot Size: 53 x 196.98 Feet

Parking

Garage: None

Location & Legal

Cross Street: Hwy 6 (Bruce St) and Spencer St
Zoning: C1A
Parcel Number: 331570125
Possession: Immediate
Occupancy: Vacant

Commercial

Business Type: Automotive Related

Community

Postal area N0H

Population: 53,674
Private dwellings: 34,400
Median age: 52.8
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 South Bruce Peninsula · last 12 months

Median sold price: $512,500
Homes sold: 176
Median days on market: 38
Sale-to-list price: 94.4%

Based on 176 recorded sales of commercial properties in South Bruce Peninsula over the last 12 months.

Listed by

HOMELIFE SUPERSTARS REAL ESTATE LIMITED

Walk Score

Walk Score is unavailable for this address right now.

Location

Street View

Commercial figures

Building area: 19,687 sq ft
Price per sq ft: $38.10
Annual property tax: $3,503
Tax per sq ft: $0.18

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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