Discover a prime development opportunity in Fairview, ideally situated just off the intersection of Dutch Village Road and Joseph Howe Drive. This location offers exceptional accessibility, being only 300 meters from Highway 102 and a mere 4-minute drive to the MacKay bridge. An architect's capacity study has outlined the potential for constructing an 80-unit building with a gross floor area of 80,252 square feet. This 7-storey (20 meter high) structure would feature 52 one-bedroom and 28 two-bedroom units, along with underground parking and the required amenity space. (See the site plan in photos.) Currently consisting of 3 single family homes, the property spans 23,862 square feet, covering three separate parcels with C2C zoning, allowing for a commercial element in your building. Westerwald Street provides a quieter environment just off the main thoroughfare, ensuring high demand for rental or purchase units once completed. With the city's ongoing height restriction increases, purchasing today offers the potential for greater density in the future. Contact your real estate professional now to explore this incredible opportunity. (id:47423)
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Detailed Information
Listing Contract Date
2024-07-17
Location Description
Dutch Village Road to Westerwald
Municipal ID
00189597
Ownership Type
Freehold
Property Type
Other
Transaction Type
For sale
Business
Business Type
Other, Residential
Business Subtype
Other, Residential
Building
Constructed Date
2024
Flooring Type
Other
Total Finished Area
80252 sqft
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Parking Space(s)
Underground
Land
Total Size
0.5478 acres
Size of Irregular Land
0.5478
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