DEVELOPMENT OPPORTUNITY: Discover 3.90 acres of prime development land. The property finds itself within the Neighbourhood Hillside & Shoreline Land Use Designation, a strategic zoning that paves the way for increased density and Low-Rise buildings, up to 6 storeys. The Floor Space Ratio (FSR) is set at an advantageous 1.2:1, inviting imaginative possibilities for development. The property presents a promising opportunity for developers. Surrounded by multi-family zoned properties, it stands as a prime example of the region's potential for higher density development, growth, and prosperity. The options for redevelopment are vast, making it an attractive investment in a thriving community. This expansive parcel currently includes a 3-bedroom home, a workshop, and various outbuildings for potential rental revenue. (id:47423)
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Detailed Information
Bedrooms
3
Bathrooms
2
Features
Acreage, Central location, Private setting, Irregular lot size
Listing Contract Date
2023-10-19
Municipal ID
000-786-764
Ownership Type
Freehold
# of Parking Spaces
15
Plan
VIP11696
Property Type
Vacant Land
Structures
Greenhouse, Shed
Transaction Type
For sale
Zoning
Residential
Building
Constructed Date
1976
Cooling Type
None
Fireplace Present
Yes
# of Fireplaces
2
Heating Fuel
Wood
Heating Type
Baseboard heaters
Size (Exterior)
1750 square feet
Rooms
Room
Level
Dimensions
Notes
Bathroom
Second level
3-Piece
Bedroom
Second level
7' x 12'
Bedroom
Second level
12' x 13'
Bathroom
Second level
4-Piece
Primary Bedroom
Second level
12' x 18'
Kitchen
Main level
9' x 11'
Dining room
Main level
15' x 12'
Living room
Main level
16' x 26'
Land
Total Size
3.9 acres
Acreage
Yes
Size of Irregular Land
3.9
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