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$ 1,690,000
Est. payment | /mo
$ 1,690,000
Est. payment | /mo
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision 219 - Forestview
MLS® Listing ID 40775382
Property Sub-Type Freehold
Source Cornerstone Association of REALTORS®
Property Description
Exceptional opportunity for investors, developers, or savvy buyers in one of the city's most rapidly growing areas! Set on nearly one acre of land, this property offers immediate development potential. With zoning support in place, the lot could be redeveloped into 4 detached homes, 14+ townhomes, or a 3–4 storey condo building (buyer to verify with city). Directly next door, a 7-unit townhome project is already underway—highlighting the strong demand and growth in this location. Proximity to top-rated elementary and secondary schools, major retail including Costco, Walmart, FreshCo and Metro, and the new General Hospital currently under construction only further enhances the value. For those seeking a residence, the existing beautifully character 2-storey home offers over 4,000 sq. ft. above grade plus a finished basement. Features include 4 spacious bedrooms, 2 fully renovated bathrooms upstairs, and multiple large principal rooms on the main floor, including a bright modern kitchen updated in 2021. Additional updates include new side roof shingles (2021), radiant water heating, separate central A/C system, and a new instant hot water system (2023, rental). An oversized detached garage with power and water offers flexible use as a workshop or additional storage. This is a rare dual-purpose property: move into a beautiful home and making it your own today while capitalizing on its outstanding development potential for tomorrow. Don't miss this chance to secure nearly an acre in a prime growth corridor. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by RE/MAX Escarpment Golfi Realty Inc.
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