Developers & Builders - Duplex on double lot 66' x 96' within 100 meters of the Tunney's Pasture LRT Station. Possible to build two 10 unit mutli-family on 33' lots with shared drive to parking in back. This would minimize site plan control costs and time. Properties fully rented. Gross Income $72,800 and NOI $52,918. Low maintenance. Zoning is TM13[2110] H(14.5) which allows for multiple development options. Easy to rent in prime location close to transit and shopping in Wellington Village and Hintonburg. There are adjacent properties North of this one also available for development. Phase 1 & 2 Environmental report completed and available. No showings without an accepted offer as the property is being sold for land value. Two Business Days irrevocable on all offers. Buyers to independently verify zoning and development possibilities. Additional information & documents available upon request. (id:47423)
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Detailed Information
Lot
66 x 96 ft
Lease Type
Gross
Listing Contract Date
2024-06-11
Municipal ID
040340037
# of Parking Spaces
6
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
TM13[2110] H(14.5)
Building
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
1922
Cooling Type
Central air conditioning
Exterior Finish
Brick
Flooring Type
Hardwood, Laminate, Tile
Heating Fuel
Electric
Heating Type
Forced air
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Attached Garage
Surfaced
Land
Total Size
66 ft X 96 ft
Current Use
Development residential
Sewer
Municipal sewage system
Size of Irregular Land
66 ft X 96 ft
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