14,402 sqft
$1,575,000
Two contiguous single-family freehold homes packaged together for a multifamily redevelopment site or a buy-and-hold opportunity. The new official zoning designation for the property once finally approved by the city will be N4B. This will permit a height allowance of 12.5 meters, rear yard set back of 7.5 meters, front yard set back of 3 meters, and side yard set backs of 1.8 meters combined. No parking will be required with the new zoning. The total frontage is 120 feet by 120 feet in depth, offering a combined lot of 14,402 square feet. Initial estimates project a floor plate of approximately 9,690 sf with the incoming zoning. Both homes are rented for a combined amount of $6,100 per month. Utilities extra. Great passive income during a redevelopment planning period. The two homes must be sold together. (id:63476)
Property Details
|
MLS® Number |
X12424140 |
|
Property Type |
Vacant Land |
|
Community Name |
3503 - Castle Heights |
Building
|
Size Interior |
14,402 Sqft |
|
Utility Water |
Municipal Water |
Land
|
Acreage |
No |
|
Size Depth |
120 Ft ,6 In |
|
Size Frontage |
120 Ft ,3 In |
|
Size Irregular |
120.26 X 120.5 Ft |
|
Size Total Text |
120.26 X 120.5 Ft |
|
Zoning Description |
Changing To N4b[2064] H(11) With Final Draft Plan |