This expansive 9-bedroom, 3-bathroom property with a single garage and alleyway access offers incredible potential for development. Zoned MF4, this site is primed for multi-family development. And with a land assembly, up to 6 stories can be built. While the house itself is in poor condition and a tear down, an estimated renovation quote of $177,000 is available should you choose to restore the property. A detailed proposal can be shared upon request. Alternatively, the property could serve as a boarding home in its current state, if renovated. The seller has already prepared development plans for a triplex, featuring a duplex with rear access and a charming detached home at the front. Once built, the three units could be sold separately. Located in a highly sought-after and rapidly developing area, this property is just 450 meters from KGH. For even greater potential, consider combining with neighboring properties to pursue up to a 6-story development approval. Demolition costs are approximately $25,000 (with a quote available), and there is NO ASBESTOS on the premises. A pre-demolition inspection report is available to verify this. This is a prime location and lot, offering a wealth of opportunities for the savvy investor or developer. The appraisal of this property is $1.35 Million and a copy is attached in supplement. Pictures are of the completed product once constructed. (id:47421)
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Detailed Information
Bedrooms
9
Bathrooms
3
Lot
48 x 0 ft
Listing Contract Date
2025-03-10
Municipal ID
006-589-090
Ownership Type
Freehold
Property Type
Single Family
Transaction Type
For sale
Zoning
Unknown
Building
Architectural Style
Bungalow
Basement Type
Full
Constructed Date
1930
Construction Style (Attachment)
Detached
Exterior Finish
Stucco
Heating Fuel
Electric
Heating Type
Baseboard heaters, Forced air, See remarks
Roof Material
Asphalt shingle
Roof Style
Unknown
Stories Total
1
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Bedroom
Second level
10'2'' x 9'6''
Bedroom
Second level
11'0'' x 10'0''
Bedroom
Basement
9'8'' x 9'2''
Bedroom
Basement
10'4'' x 10'2''
Bedroom
Basement
10'2'' x 9'6''
Bedroom
Basement
10'0'' x 9'0''
4pc Bathroom
Basement
Measurements not available
Kitchen
Basement
13'0'' x 10'0''
Bedroom
Main level
11'2'' x 9'7''
4pc Bathroom
Main level
Measurements not available
Primary Bedroom
Main level
12'0'' x 12'0''
Bedroom
Main level
10'0'' x 9'2''
4pc Bathroom
Main level
Measurements not available
Dining room
Main level
11'0'' x 11'0''
Living room
Main level
16'0'' x 15'0''
Parking Spaces
Name
Spaces
Street
Land
Total Size
0.13 acres
Sewer
Municipal sewage system
Size of Irregular Land
0.13
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