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About this Land
Rare development opportunity on just under one acre, offering the potential to bring a new mixed-use project to life. The property is currently vacant and benefits from commercial zoning supporting a proposed 6-storey building with 30 residential units and main-floor commercial/retail space. The proposed development spans two parcels and is nearing site plan approval, providing a strong foundation for the next stage of development. The opportunity extends even further with the potential to incorporate the neighbouring property, creating the possibility for a larger-scale development of up to 60 units. With zoning and planning work already underway, this is an attractive opportunity for developers and investors seeking a project with significant upside and a clear path forward. Vendor Take-Back financing may be available. (id:14735)
More About The Location
Cross Streets: Victoria & Henry. ** Directions: Property is located next to VIA Rail.
Listed by RE/MAX a-b Realty Ltd Brokerage.
Brought to you by your friendly REALTORS® through the MLS® System and TDREB (Tillsonburg District Real Estate Board), courtesy of Brixwork for your convenience.
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Features
- MLS®: X13700300
- Type: Land
- Square Feet: 39,353 sqft
- Lot Size: 35,244 sqft
- Frontage: 175.00 ft
- Depth: 201.00 ft