Fantastic development opportunity in Amherst. This property comes with an approved Development agreement allowing for the construction of Two 12 unit apartment buildings for a total of 24 residential units. It's an excellent option for builders or investors looking to take on a multifamily project in a strong rental market with steady demand for quality housing. Municipal water and sewer services are available, and the Development Agreement along with rough building layouts can be provided for review. With the DA already in place, a buyer can move forward without the hassle of going through the development Agreement process, saving significant time and uncertainty. The site offers a clear path for planning and design, with a buyer's preferred approach. (id:47421)
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Detailed Information
Features
Level lot, Softwood bush
Listing Contract Date
2026-02-17
Location Description
West Victoria to Smith Street. Land is located at the foot of the street
Municipal ID
25031352
Ownership Type
Freehold
Property Type
Vacant Land
Transaction Type
For sale
Building
Utility Water
Municipal water
Parking Spaces
Name
Spaces
None
Land
Total Size
0.97 acres
Sewer
Municipal sewage system
Size of Irregular Land
0.97
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