
Listed For $1
Added 4 months ago
1.42 Acres
Land
$53,986 Tax / yr
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Bedrooms
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Bathrooms
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Garages
1.42
Acres
Our team is here to help.
The property is a 1.42 acre development site for sale. The property has received final site plan approval and is in the process of obtaining development approvals. Certain zoning compliance and minor variance matters remain outstanding. The current approval is for a six-storey mixed-use building comprising 203 residential units and a total gross floor area of 185, 161 square feet. There may be potential to pursue additional height and density on the property, subject to municipal approvals, which have not been obtained. This planning context is supported by nearby precedent, including a development across the street that contemplates a built form in the range of 8-10 storeys. The property is being offered with the flexibility for a purchaser to choose to assume existing agreements of purch