Prime Investment Opportunity! Ideally situated along Algonquin Avenue at a high-visibility, signalized intersection, this property offers unparalleled exposure and accessibility. With flexible zoning and municipal support, the site is primed for a range of development possibilities including an apartment complex (22 traditional or 40 micro-units) and other residential opportunities. While only a portion is currently zoned R3, the vendor is committed to working with buyers to facilitate zoning adjustments and ensure a smooth sale process in compliance with site plan regulations. Under its C4 zoning designation, the property is also an ideal location for commercial ventures such as quick-service restaurants, retail stores, medical and professional offices, or entertainment establishments. A recent lot survey and a 2022 Phase II Environmental Site Assessment confirm the site's readiness for development. Whether you're an investor seeking strong returns or an entrepreneur with a vision, this prime location offers limitless potential for long-term success. Don't miss out on this exceptional opportunity! (id:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Lot
126.67 x 98.75 ft
Amenities Nearby
Highway, Public Transit
Farm Type
Other
Features
Irregular lot size
Listing Contract Date
2025-03-03
Location Description
Corner of Algonquin Ave and Lansdowne Ave
Property Type
Vacant Land
Transaction Type
For sale
Zoning Description
C4R3
Building
Utility Water
Municipal water
Land
Total Size
126.72 x 98.75 FT
Amenities
Highway, Public Transit
Size of Irregular Land
126.72 x 98.75 FT
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