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Attention investors and developers! This is your chance to acquire a prime corner lot in the highly desirable Tuxedo Park community. With over 5,700+ sq ft of M-C1 zoned land, this property offers tremendous potential for a multi-family development.
A Development Permit application for a 4-Plex with Legal Suites is already in progress, making it an ideal investment for those looking to capitalize on the growth in the area. Each unit is designed to feature 3 bedrooms, 2.5 baths above grade, plus a 1-bedroom, 1-bath legal basement suite, maximizing rental income potential.
Disconnection work completed, and the existing home is ready for demolition.
This is the perfect opportunity for developers to create a modern, high-demand living space in a fantastic location.
Don’t miss out on this incredible opportunity to build in one of the city's most sought-after neighborhoods!
DP Drawings not Approved yet so may be modified as required.
Data was last updated November 15, 2024 at 12:05 AM (UTC)
Area Statistics
Listings on market:
24
Avg list price:
$799,750
Min list price:
$319,000
Max list price:
$1,200,000
Avg days on market:
55
Min days on market:
1
Max days on market:
207
Avg price per sq.ft.:
$532.87
These statistics are generated based on the current listing's property type
and located in
Tuxedo Park. Average values are
derived using median calculations.