Build generational wealth by building your own 12 unit multifamily property post committee of adjustment approval. Experienced Planners and Builders have created this unique layout so that the end user can save upwards of $100k+ in development charges, cash-in-lieu fees, and more compared to a traditional purpose built 12-16 unit building while enjoying the same rental income. Other advantages include: no sprinkler system, municipal garbage collection, no accessible units, no common stairway, available on-site parking and more. The property’s efficient design helps minimize maintenance costs and maximizes profitability for future owners. With the new Zoning By-law amendment, there is potential to add an additional 4 units, to a total of 16 units as basement units will be undeveloped. No site plan &/or zoning by-law amendment required. Status: Pending Committee of adjustment approval. (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Lot
66 x 94.75 ft
Listing Contract Date
2024-09-20
Municipal ID
042320060
Property Type
Vacant Land
Transaction Type
For sale
Zoning Description
R4UA
Building
Basement Development
Not Applicable
Basement Type
Unknown (Not Applicable)
Utility Water
Municipal water
Land
Total Size
0.07 acres
Current Use
Development residential
Sewer
Municipal sewage system
Size of Irregular Land
0.07
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