Property Description
(Holding property with redevelopment potential). This 0.29-acre rectangular lot—measuring 74.88 feet wide by 170 feet deep (12,831 sq. ft.)—offers exceptional redevelopment potential following a recent rezoning to MUM (Multi-Unit: Medium Scale). The new zoning permits increased density and building heights up to 15 meters, significantly enhancing the site’s development capacity. Previously, the property had preliminary plans for a 3-storey, 6-unit row townhouse project, with each unit designed at approximately 2,200 sq. ft. including a garage. Situated in a rapidly evolving neighborhood. Concept images of the original townhouse design are available upon request. Additionally, assembly with the neighboring property creates the potential for a 54–72 unit apartment development, substantially increasing overall project scale and value. Acquiring both parcels together represents a significant value-add opportunity for developers and investors. (The interior needs a substantial update, the exterior appears to be in reasonable condition). Renovation potential, rental potential, value-add opportunity, ready for your vision. (id:6770)
Overview
Price
$
550,000
MLS #
10374066
Age
1930
Size
2962 sqft
Lot Size
0.29
acres
Bedrooms
4
Bathrooms
2
Exterior
Other
Water
Municipal water
Sewer
Municipal sewage system
Property Type
Single Family
Roof
Unknown
Local Amenities
Public Transit, Recreation
Stories
1.5
Listing Office
Coldwell Banker Executives Realty
Basement
Unfinished Room
38'8'' x 28'7''
Main level
Other
21'7'' x 18'7''
Foyer
5'5'' x 15'6''
Living room
15'6'' x 16'7''
Bedroom
13'1'' x 13'10''
Full bathroom
7'3'' x 9'3''
Foyer
8'9'' x 3'1''
Partial bathroom
9'3'' x 7'3''
Primary Bedroom
15'5'' x 13'1''
Dining room
15'4'' x 7'4''
Kitchen
10'9'' x 15'7''
Living room
16'7'' x 15'6''
Second level
Foyer
10'1'' x 8'1''
Bedroom
10'1'' x 10'1''
Bedroom
10'1'' x 13'4''
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