Fantastic construction-ready residential conversion! Permits are complete and set to be issued pending payment of fees! If you're looking for a profitable redevelopment project that is truly hammer-ready, this is it. Plans include retaining main floor commercial while developing 8 new residential units (5 X 2-bed, 3 X 1-bed). Take it a step further by dividing the main floor into smaller units for a higher PSF lease value. Situated steps from a future LRT station, this building has significant cashflow and appreciation value. If development isn't your thing, the existing structure is ready to lease in its current state as offices, retail, hospitality, etc. thanks to generous D2 zoning! Tremendous potential for investors, end-users, and developers alike. Clean Phase 1 Environmental on-hand. Plans, proforma, and additional information available upon request. This amount of usable square footage is incredibly rare on the LRT route. Don't miss this remarkable opportunity! (id:47423)
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Detailed Information
Lot
38.83 x 103.42 ft
Amenities Nearby
Public Transit
Listing Contract Date
2024-10-10
Location Description
King And Wellington
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
D2 - Downtown Mixed Use - Ped. Focus
Building
Cooling Type
Fully air conditioned
Heating Type
Radiant heat
Type
Multi-Family
Utility Water
Municipal water
Land
Total Size
38.89 x 103.44 FT
Amenities
Public Transit
Sewer
Sanitary sewer
Size of Irregular Land
38.89 x 103.44 FT
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