Located in the heart of Glenmore on a transit corridor, this property offers exceptional development potential with mixed MF3 & MF1 zoning, contingent on a three-lot subdivision. Current zoning rights and preliminary discussions with the city and a planning consultant indicate the potential to subdivide into two MF1 lots, each allowing for two six-plex buildings, and one MF3 lot with a higher-density apartment (1.3 – 1.8 FAR), yielding 20,000 buildable sqft. Note, the city does not support rezoning the full lot to MF3. Additionally, a road dedication to connect McTavish Rd through the property is required to facilitate subdivision. This prime location provides a unique opportunity for developers to maximize their investment in a growing area. (id:47423)
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Detailed Information
Listing Contract Date
2024-06-05
Municipal ID
008-331-456
Ownership Type
Freehold
Property Type
Vacant Land
Road
Paved road
Transaction Type
For sale
Zoning
Unknown
Building
Type
Other
Utility Water
Municipal water
Utilities
Type
Description
Cable
Available
Electricity
Available
Natural Gas
Available
Telephone
Available
Sewer
Available
Water
Available
Land
Total Size
0.89 acres
Current Use
Development residential
Sewer
Municipal sewage system
Size of Irregular Land
0.89
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