Property Description

Prime Development Opportunity in the Heart of Hintonburg. This oversized 66 x 86.96 ft lot is ideally located just steps from Wellington Street, placing future development within walking distance to transit, restaurants, cafés, and boutique retail in vibrant Hintonburg. Zoned R4 / N4B H(11), the property offers many strong potential options: multi-unit (12plex), two 5-units, 3 triplexes, residential development (3 singles or duplexes). Permit ready plans for 3 singles included with sale! Builder can be contracted to build to suit. With a lot of this size in such a high-demand urban location, opportunities are increasingly scarce. The property is currently improved with a duplex, providing holding income while plans and approvals are pursued. Both units are tenanted on a month-to-month basis, allowing flexibility for future redevelopment. Severance potential may also be explored, subject to municipal approvals. Whether you're a builder, developer, or long-term investor, this is a strategic acquisition in a neighbourhood known for intensification and strong end-user demand. (id:7434)