$385,000
Exceptional Development Opportunity in a Prime Location! Strategically positioned on high-traffic Algonquin Avenue at a signalized intersection, this property offers unmatched visibility and accessibility making it an ideal site for a wide range of development opportunities. Backed by flexible zoning and municipal support, the site is well-suited for residential projects such as an apartment complex (accommodating either 22 traditional or 40 micro-units), along with additional multi-unit residential options. The property also benefits from its C4 zoning designation, allowing for a variety of commercial uses including quick-service restaurants, retail outlets, medical and professional offices, or entertainment venues. With a recent lot survey and a 2022 Phase II Environmental Site Assessment already completed, the property is development-ready. Whether you're an investor looking for high-yield potential or a visionary entrepreneur ready to bring your concept to life, this premier site presents limitless opportunities for long-term success. (id:60626)
Property Details
MLS® Number
|
X12212153 |
Property Type
|
Vacant Land |
Community Name
|
Central |
Amenities Near By
|
Highway, Public Transit |
Farm Type
|
Other |
Features
|
Irregular Lot Size |
Building
Utility Water
|
Municipal Water |
Land
Acreage
|
No |
Land Amenities
|
Highway, Public Transit |
Size Depth
|
100 Ft ,9 In |
Size Frontage
|
141 Ft ,10 In |
Size Irregular
|
0.5 |
Size Total
|
0.5 Ac |
Size Total Text
|
0.5 Ac |
Zoning Description
|
C4 |