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Attention investors and developers! This is your chance to acquire a prime corner lot in the highly desirable Tuxedo Park community. With over 5,700+ sq ft of M-C1 zoned land, this property offers tremendous potential for a multi-family development.
A Development Permit application for a 4-Plex with Legal Suites is already in progress, making it an ideal investment for those looking to capitalize on the growth in the area. Each unit is designed to feature 3 bedrooms, 2.5 baths above grade, plus a 1-bedroom, 1-bath legal basement suite, maximizing rental income potential.
Disconnection work completed, and the existing home is ready for demolition.
This is the perfect opportunity for developers to create a modern, high-demand living space in a fantastic location.
Don’t miss out on this incredible opportunity to build in one of the city's most sought-after neighborhoods!
DP Drawings not Approved yet so may be modified as required.
Data was last updated November 23, 2024 at 08:05 AM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$814,500
Min list price:
$300,000
Max list price:
$1,200,000
Avg days on market:
57
Min days on market:
2
Max days on market:
216
Avg price per sq.ft.:
$525.56
These statistics are generated based on the current listing's property type
and located in
Tuxedo Park. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.