Guelph - Pineridge/Westminster Woods
Guelph - Pineridge/Westminster Woods
Listed For $1,599,900
Get Pre-approvedExpired
If you are a firm believer in the long term value of real estate, then you may have the right vision for this property. 120 feet of frontage and an extra deep 185 foot lot in an R1B zone isn't your typical piece of land and offers a unique opportunity for future development. The recent news about the provincial government's plans to circumvent municipal zoning restrictions may take some time to implement, but will no doubt unlock additional value in land ripe for infill development and increased density. The house on this lot is well built and maintained, but doesn't currently match the potential of the dirt it sits on. However it does allow a buyer to obtain mortgage financing, and generate rental income while you wait for future value to arrive.
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