Attention Builders, Developers & Investors! Fabulous opportunity - 17,612 sq ft 125.8’ X 140’ corner development lot fronting on 2 streets. No need for re-zoning, as the current RM1-508 zoning permits medium density, creating the opportunity and flexibility for a 4 - 5 unit Townhouse complex w/ potential secondary income suites or a 4 storey apartment house for maximum density. Situated in highly sought after location in rapidly growing area of Niagara, near proposed neighbourhood retail centre, close to quaint downtown area & just minutes from the Friendship Trail and Lake. For those looking to defer the project, a 1776 sq ft 4+ Bedroom home with detached 4 car garage currently sits on the property, providing an excellent rental opportunity to offset costs until planning and approvals are in place. (id:47421)
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Listed By
COLDWELL BANKER ADVANTAGE REAL ESTATE INC, Brokerage
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Detailed Information
Lot
126 x 140 ft
Listing Contract Date
2024-03-25
Location Description
CORNER OF GORHAM ROAD & SUMMITT
Ownership Type
Freehold
Property Type
Vacant Land
Transaction Type
For sale
Zoning Description
RM1-508
Building
Basement Type
None
Utility Water
Municipal water
Utilities
Type
Description
Cable
Available
Electricity
Available
Natural Gas
Available
Telephone
Available
Land
Total Size
under 1/2 acre
Fence Type
Fence
Sewer
Municipal sewage system
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