This is a rare opportunity for investors and developers! Located in the highly desirable and quiet North Glenmore neighborhood, this 0.39-acre property is perfectly situated for development. The plans for a 19-unit development are ready for submission, including both this property and the adjacent 163 Cariboo Rd property. The current MF1 zoning allows for multi-family development, and the property is centrally located within minutes of schools, shopping centers, and downtown, making it a prime location for future residents. The property currently features a charming 2-bedroom plus den, 2-bathroom country cottage with a covered backyard. It is rented to a wonderful family at a discounted rate of $2,500/month, providing immediate rental income. Highlights: Rare development opportunity in North Glenmore 19-unit plans ready for submission 0.39-acre lot with MF1 zoning Centrally located, close to schools, shopping, and downtown Existing rental income from a charming country cottage (id:47421)
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Detailed Information
Bedrooms
3
Bathrooms
1
Listing Contract Date
2025-01-13
Municipal ID
007-921-942
Ownership Type
Freehold
# of Parking Spaces
5
Property Type
Single Family
Transaction Type
For sale
Zoning
Unknown
Building
Constructed Date
1972
Construction Style (Attachment)
Detached
Cooling Type
See Remarks
Heating Type
Other
Stories Total
1
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Workshop
Main level
16' x 32'
Bedroom
Main level
8' x 9'
Primary Bedroom
Main level
9' x 13'
Dining room
Main level
11' x 12'
Foyer
Main level
4' x 10'
Full bathroom
Main level
Measurements not available
Bedroom
Main level
9' x 9'
Kitchen
Main level
9' x 19'
Living room
Main level
12' x 19'
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
0.39 acres
Sewer
Municipal sewage system
Size of Irregular Land
0.39
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