AN INCREDIBLE OPPORTUNITY FOR Investors, Builders, and Developers! This is your AMAZING CHANCE to own a rare CORNER LOT with BACK LANE, measuring 50 x 126 FT, and zoned RC-G. Imagine the potential – may build a 4-PLEX WITH LEGAL SUITES, creating a total of 8 UNITS, subject to approval and permitting by the City/Municipality. Location is key, a very big open Field adjacent to an Elementary School is in front of the house. This property is situated just 1 BLOCK FROM 17 AVE, placing you in the heart of a vibrant and sought-after area. The existing home is a charming bungalow with 3 bedrooms on the main level, 4 piece bathroom, offering comfortable living space. A separate side entrance leads to an illegal basement suite, providing additional 2 bedrooms, 3 piece bathroom, living space. Single detached garage and tons of street parking. Not ready to build right now? No problem, this property presents a fantastic opportunity to LIVE, RENT, AND HOLD, allowing you to generate rental income while you plan your development project. The potential for growth and return on investment is huge. Don’t miss out on this exceptional opportunity to invest in a prime location with endless possibilities. Secure your future development project today!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Negotiable
Suite:
Suite - Illegal
Home Style:
Bungalow
Total Living Area:
867 sq. ft.80.55 m2
Taxes:
$2,367 /
2024
Tax Assessed Value:
365000.0
Lot Area:
6,296 sq. ft.584.92 m2
Lot Frontage:
50'15.24 m
Front Exposure:
East
Levels:
One
Total Rooms Above Grade:
5
Year built:
1957
(Age: 67)
Bedrooms:
5
(Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
2.0
(Full:2, Half:0)
Plan:
2187HI
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Laminate, Vinyl
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Single Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 /
-
Laundry Features:
Common Area
Forest Lawn
Dryer, Electric Stove, Range Hood, Refrigerator, Washer
Data was last updated October 8, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
22
Avg list price:
$549,950
Min list price:
$165,000
Max list price:
$900,000
Avg days on market:
32
Min days on market:
6
Max days on market:
374
Avg price per sq.ft.:
$556.85
These statistics are generated based on the current listing's property type
and located in
Forest Lawn. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.