However, it's zoned commercial and I'm wondering what I should do to take advantage of that (highest and best use)? 

Another thing you need to talk to your agent about is the FAR rules and zoning for the basement.

Also the home was built in 1910 and is zoned for general commercial C-2, so does that mean we wouldn't be able to put in a mobile home?

Hello,I have a 2AC piece of property that is properly zoned and I believe perfect for a multi-unit in Greenville SC. 

Replacing pipe isn’t that hard but the local government red tape can be.

The only red flag is Timmins' water/sewage yearly bill is unlike the GTA. 

A single mentor might also limit your vision to just the way they like to do things and their comfort zone.

But if you're looking for immediate income from the property, this isn't the deal for you unless you have a strategy to increase revenue/decrease expenses quickly.The fact that lots nearby are selling for more than the property is a good sign because it speaks to the quality of the location, but it may also be a red flag about the condition of the building if the land would be worth more without the building on it.

From what I understand, if the land is split into separate parcels, I can avoid it being considered a Park and not have to worry about all the red tape.

Opportunity Zones if they want to invest their capital gains. or 1031 if they have another kind of investment they would want to transfer into.