Property Description

Opportunity awaits with this mature 47' x 125' serviced building lot located on a quiet street just minutes from Downtown St. John's. Offering municipal water and sewer services, a greenbelt at the rear, and convenient access to shopping, schools, recreation, and everyday amenities, this property presents an attractive opportunity for builders, investors, and future homeowners alike. Due to the condition of the existing dwelling, this property is being sold for land value only and should be considered a tear-down project. The structure is unsafe, uninhabitable, and not suitable for occupancy. Purchasers are responsible for conducting their own due diligence regarding demolition, redevelopment potential, municipal requirements, permits, approvals, and all costs associated with the removal of the existing structure and any future construction. The lot offers excellent redevelopment potential and may be well suited for a two-apartment home with a walk-out basement level or a single-family residence with a lower-level garage, subject to all applicable approvals. With serviced building lots becoming increasingly difficult to find in established areas of the city, this property provides a rare opportunity to create a new home or investment property in a convenient St. John's location. (id:7434)