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Key Details
Sold Price $1,175,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $489
MLS Listing ID 40690312
Sold Date 02/10/25
Style Two Story
Bedrooms 4
Full Baths 3
Abv Grd Liv Area 2,400
Originating Board Hamilton - Burlington
Annual Tax Amount $2,365
Property Sub-Type Single Family Residence
Property Description
Prime Investment Opportunity with Development Potential! Discover this exceptional
property situated on a lot measuring 102.53 feet wide by 163.28 feet deep,
featuring GCBD zoning that unlocks a multitude of development possibilities.
Currently, the property features a 3-unit residential triplex measuring approx
2,400 sqft, including Two 2-bedroom units & One bachelor unit. Additionally, there
is a large detached garage, equipped with its own power source and heating,
perfect for storage or workshop use. The GCBD zoning permits the construction of a
5-storey building with a wide range of potential uses including Apartment
building, Hotels, motels, or inns, Office spaces, and many more versatile options.
Substantial progress already made toward obtaining site plan approval for a
21-unit, 5 storey apartment building. For those looking to generate income
immediately, the existing structures can be rented for an estimated market rent of
$5,000 per month, making it a perfect investment for both short-term cash flow and
long-term growth. Don't miss this chance to secure a property that combines
immediate rental income with extraordinary future development potential. Contact
us today to explore the possibilities! RSA.
Location
Province ON
County Niagara
Area Lincoln
Zoning GC-CBD
Direction Ontario St to King St. Right on King St from Ontario, first left onto Queen Street.
Rooms
Other Rooms Storage, Workshop
Basement Partial, Unfinished, Sump Pump
Kitchen 2
Interior
Interior Features Water Meter
Heating Forced Air, Natural Gas
Cooling None
Fireplace No
Appliance Microwave, Range Hood, Stove
Laundry In Basement, Lower Level
Exterior
Parking Features Detached Garage
Garage Spaces 4.0
Utilities Available Electricity Connected, Natural Gas Connected, Street Lights
Roof Type Asphalt Shing
Lot Frontage 102.53
Lot Depth 163.28
Garage Yes
Building
Lot Description Urban, Irregular Lot, Business Centre, City Lot, Highway Access, Library, Major Highway, Park, Public Parking, Schools, Shopping Nearby, Trails
Faces Ontario St to King St. Right on King St from Ontario, first left onto Queen Street.
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal
Architectural Style Two Story
Structure Type Aluminum Siding,Vinyl Siding,Wood Siding
New Construction No
Others
Senior Community false
Tax ID 461050056
Ownership Freehold/None
Read Less Info
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