Description
DEVELOPMENT OPPORTUNITY: Discover 3.90 acres of prime development land. The property finds itself within the Neighbourhood Hillside & Shoreline Land Use Designation, a strategic zoning that paves the way for increased density and Low-Rise buildings, up to 6 storeys. The Floor Space Ratio (FSR) is set at an advantageous 1.2:1, inviting imaginative possibilities for development. The property presents a promising opportunity for developers. Surrounded by multi-family zoned properties, it stands as a prime example of the region's potential for higher density development, growth, and prosperity. The options for redevelopment are vast, making it an attractive investment in a thriving community. This expansive parcel currently includes a 3-bedroom home, a workshop, and various outbuildings for potential rental revenue.
General Info
MLS Listing ID: 946371 | Bedrooms: 3 | Bathrooms: 2 | Year Built: 1976 |
Parking: N/A | Heating: Baseboard heaters | Lotsize: 3.9 ac | Air Conditioning : None |
Amenities/Features
- Acreage
- Central location
- Private setting
- Irregular lot size