Prime Development Opportunity Four Blocks from Downtown. Discover a rare offering in the heart of the city, just four blocks away from Queen Street and downtown. This expansive 1.25-acre property, available for the first time since its acquisition and renovation in 1959, presents immense potential for visionary developers. Boasting two parcels of land, including a duplex and a detached heated 3-car garage, the site is ideally suited for a range of development options. With its zoning allowing for potential, commercial and single-family lots or townhome development, this property promises significant returns in a rapidly growing market. The current owner is open to remaining as a tenant, facilitating a smooth transition and offering potential income during the development process. Additionally, all three buildings on the site are available for lease, further enhancing flexibility for interested parties. Don’t miss out on this unparalleled opportunity to shape the future landscape of this vibrant community. Whether you’re looking to capitalize on the burgeoning demand for residential properties or seeking to create a landmark development, this property is poised to fulfill your vision. Schedule your viewing today and explore the endless possibilities awaiting at this prime downtown location. (id:47421)
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Detailed Information
Lot
211 x 255 ft
Amenities Nearby
Schools
Features
Southern exposure, Paved driveway
Listing Contract Date
2024-06-18
Location Description
MARY STREET TO REGENT
Ownership Type
Freehold
# of Parking Spaces
17
Property Type
Hospitality
Transaction Type
For sale
Zoning Description
R1, C1
Building
Basement Type
Partial
Exterior Finish
Stucco, Vinyl siding
Fire Protection
Alarm system
Foundation Type
Stone
Stories Total
2
Size (Exterior)
5351
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Attached Garage
Detached Garage
Land
Total Size
1.232 acres
Acreage
Yes
Amenities
Schools
Sewer
Municipal sewage system
Size of Irregular Land
1.232
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