Calling all builders and developers! This incredible property is a rare find, priced below assessed value, and offers a prime opportunity to create something remarkable in the heart of the city. Currently zoned for Institutional use, the potential is limitless – envision a thriving seniors complex, a state-of-the-art medical facility, or a vibrant daycare center. What's more, the property is in the process of being rezoned to R2, with plans already in motion for the development of townhomes, apartments/condominiums. Additionally, a plot plan is attached for separate building lots, providing flexibility for your vision. The land has been meticulously surveyed and plotted out for 5 building lots, making the approval process seamless. Furthermore, the potential to easily rezone from institutional to residential opens up a world of possibilities. If a commercial building is on your mind, city services are readily available for a hassle-free hookup, and the land, mostly level with a charming tree line at the rear, is ready for development. This is an opportunity not to be missed! (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
Listing Contract Date
2024-09-17
Ownership Type
Freehold
Property Type
Vacant Land
Transaction Type
For sale
Zoning Description
INST/R2
Building
Utility Water
None
Land
Total Size
225x113x289x207
Sewer
No sewage system
Size of Irregular Land
225x113x289x207
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