Attention Builders, Developers & Investors! Fabulous opportunity - 17,612 sq ft 125.8’ X 140’ corner development lot fronting on 2 streets. No need for re-zoning, as the current RM1-508 zoning permits medium density, creating the opportunity and flexibility for a 4 - 5 unit Townhouse complex w/ potential secondary income suites or a 4 storey apartment house for maximum density. Situated in highly sought after location in rapidly growing area of Niagara, near proposed neighbourhood retail centre, close to quaint downtown area & just minutes from the Friendship Trail and Lake. For those looking to defer the project, a 1776 sq ft 4+ Bedroom home with detached 4 car garage currently sits on the property, providing an excellent rental opportunity to offset costs until planning and approvals are put in place. (id:12481)
MLS® Number | 40562233 |
Property Type | Vacant Land |
Basement Type | None |
Utility Water | Municipal Water |
Acreage | No |
Fence Type | Fence |
Sewer | Municipal Sewage System |
Size Depth | 140 Ft |
Size Frontage | 126 Ft |
Size Total Text | Under 1/2 Acre |
Zoning Description | Rm1-508 |
Cable | Available |
Electricity | Available |
Natural Gas | Available |
Telephone | Available |
https://www.realtor.ca/real-estate/26671471/467-gorham-road-ridgeway
Get in touch with us for more information!
Phil Spoelstra
Broker of Record
Ron Steenbergen
Broker