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****September 2019 RA8 amendments include an increase in FAR to 3.0, the removal of the 50% site coverage restriction, and the removal of maximum density.**** One of the best development sites in the city and an incredible opportunity! DC2 zoned and approved for 5 storey(Wood Frame), 47 townhouse & large family sized condominium units with underground parking - located a quiet tree lined street, yet less than 400m from new LRT stop on the Valley line LRT. Approximately 30,000 square feet of land - the combination of 4 lots ( each lot is 58' wide x 128' deep). It has taken years to assemble the land and engage Stantec to go through the rezoning process for highest and best use. Currently there are 8 dilapidated 1/2 duplex residences, that are occupied and rented month to month at approximately $1200/month each. Each 1/2 duplex is; ~1000 sq ft above grade,3 bedrooms/1 bathroom,full basements partially finished. The currently duplexes are not salvageable for renovation and best option is infill.
|Property Type||Land Commercial|
|Days On Our Website||439|
Listing Office: Homes & Gardens Real Estate Limited
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