About 500 Coteau Street W
This three-level former elementary school offers substantial square footage, strong structural presence, and excellent redevelopment potential. Featuring ample parking, outstanding curb appeal, and a highly visible footprint, this property is well-suited for investors seeking a large-scale adaptive reuse project. The interior provides expansive open areas, multiple classrooms, wide hallways, and a full-sized gymnasium, allowing for flexible reconfiguration depending on end use. Solid construction and a functional layout create a strong base for conversion or repositioning. A bonus is the ball diamond located on the east side of the property, enhancing long-term value and offering potential recreational or amenity space as part of a broader redevelopment concept.
Potential uses (subject to zoning and all required municipal and authority approvals) may include:
Multi-tenant commercial or office space, Institutional or community-based facilities, Daycare, education, or training centre
Wellness, fitness, or recreation facility, Storage, light industrial, or specialty use. With its size, parking capacity, and adaptable layout, this property presents an excellent opportunity for redevelopment, lease-up, or long-term hold. OFFERS must remain open for 7 days, as requested by the board, and include 3 successful projects from all interested parties. The playground equipment is to be removed and is not part of the sale. A rare chance to acquire a large-format building with multiple future-use pathways.
