PRIME DEVELOPMENT OPPORTUNITY IN HESPELER. NEW CITY ZONING ALLOWS FOR UP TO THREE RESIDENTIAL UNITS PER LOT AND POSSIBLE ADDITIONAL UNITS ON EXTRA LARGE LOTS LIKE THIS ONE. THIS HUGE, ALMOST HALF ACRE{.44 ACRE}, 68'x299'' LOT, is waiting for the right HOME OWNER/ WITH INLAW SUITE OR MORTGAGE /INCOME HELPER OR INVESTOR/DEVELOPER. Take advantage of the current R4 zoning and the city's newly amended By-Law allowing Additional Residential Units (ARU's). Whether you're considering expanding your real estate portfolio or embarking on a development venture, check out this property. While waiting for your dream to come to reality, enjoy the single family home with in law suite or live on the main floor with income from the upper unit (See MLS 40583979) or enjoy the income from a duplex operation(See MLS 40583964). Lightly treed and fenced lot will open your mind to the possibilities of a personal oasis, garage, hobby shop, pool, horseshoe pits, gardens, development, etc... Great location for access to 401, Guelph and the Kitchener Waterloo area. Nearby nature trails, schools, and the Speed River. Enjoy a tree lined sunset from the front view. Check with the City of Cambridge for all the possible development opportunities that this huge lot could offer. Immediate possession available on main floor with basement. Upper unit is tenant occupied on mo-mo basis. (id:47423)
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Detailed Information
Lot
68 x 300 ft
Amenities Nearby
Public Transit, Schools
Listing Contract Date
2024-06-20
Location Description
Rooshill Ave. HWY 24N TO QUEEN ST W TOWARDS DOWN TOWN HESPELER
Ownership Type
Freehold
Property Type
Vacant Land
Transaction Type
For sale
Zoning Description
R4
Building
Basement Type
None
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Amenities
Public Transit, Schools
Fence Type
Partially fenced
Sewer
Municipal sewage system
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