$1,089,000
About this Triplex
High-traffic location with excellent exposure, this two-storey mixed-use property offers both immediate income and exciting future potential. Situated in an area zoned RHR-3 with a previous zoning of RHD-1, the property can be developed further for additional residential units or adapted entirely for residential use. The owner has received a decision from the city to allow for a larger general office on the main floor and extra permitted uses. The main level features two self-contained commercial units, each approximately 500 sq. ft., with individual heating, cooling, and a 2-piece powder room—perfect for attracting stable business tenants. Upstairs, a spacious 2-bedroom, 1-bathroom apartment spans 1,000 sqft., offering bright living areas, a functional layout, a private entrance and a large balcony. The property includes 11 parking spots for residents, customers, and deliveries, plus a single-car garage. With its combination of residential and commercial space, strong zoning flexibility, and a prominent location, this is an ideal choice for live-work use, rental income, or redevelopment. (id:14735)
More About The Location
Fairview Drive
Listed by Re/Max Escarpment Realty Inc..
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Features
- MLS®: 40760135
- Type: Triplex
- Bedrooms: 2
- Bathrooms: 3
- Square Feet: 2,000 sqft
- Full Baths: 3
- Parking: 12 (Attached Garage)
- Storeys: 2 storeys