Enhanced value alert! Price significantly reduced on this high potential property & project. This exceptional 40’X125’ property offers a unique investment opportunity for builders and investors alike. Full working drawings, development permit and all necessary consultations done for building permit approval are available so you can break ground immediately and start realizing returns quickly. The property is ideally located in an up-and-coming neighborhood close to downtown and major transit routes, making it highly desirable for future homeowners and renters. The 3-plex layout has been thoughtfully designed to appeal to modern buyers. Each unit can be sold individually and would be very appealing to first time buyers thanks to the property’s prime location and the increasing need for housing in the area. Alternatively, this development is also perfect for a long-term hold strategy. The location is set to see continued growth in value, making it an ideal rental income property. Extremely close proximity to public transportation, downtown amenities, shopping and schools, tenants will enjoy both convenience and urban living at its best. This is a low-risk, high-reward opportunity for a builder or investor to capitalize on either short—term sales or long-term rental potential. Seize this opportunity to develop a turnkey project in one of the city’s most promising area. With everything ready to go, this 3-plex investment could be part of your portfolio! Should you wish to wait a while to start your project, with a little love, the current home on the property could be rented. Currently vacant and easy to show.
Data was last updated December 25, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$980,000
Min list price:
$579,900
Max list price:
$1,950,000
Avg days on market:
82
Min days on market:
19
Max days on market:
139
Avg price per sq.ft.:
$485.61
These statistics are generated based on the current listing's property type
and located in
Winston Heights/Mountview. 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.