Property Description

A RARE COBURG OPPORTUNITY - BIG LAND. BIG VISION. ENDLESS POSSIBILITIES! Some properties offer a home. Others offer the opportunity to create something extraordinary! Welcome to 1167 Division Street, a distinctive property featuring an impressive 192' x 143' lot, dual road frontage, a detached double garage and a substantial century home offering over 3,000 sq. ft. of existing space. Ideally located with convenient access to Highway 401 and nearby amenities, this is an exciting opportunity for investors, developers and entrepreneurs with vision. This hidden gem offers a Mixed-Use Corridor MUC-7 zoning! Subject to applicable approvals, imagine exploring concepts such as a retirement residence, condominium development, mixed commercial-residential building, community or private club, educational facility, banquet venue or boutique hotel. Picture a contemporary multi-storey building with balconies, landscaped outdoor spaces and thoughtfully designed parking. The possibilities invite imagination! There is value here today, too. The existing century home features generous principal rooms, beautiful wood flooring throughout the main level and a versatile layout. It offers potential for continued residential use or interim rental income while future plans are explored. LAND. LOCATION. EXISTING IMPROVEMENTS. DEVELOPMENT POTENTIAL. Whether you are planning your next investment, exploring redevelopment or seeking a property with room to think beyond the ordinary, this is an opportunity worth investigating. Bring your vision. Explore the possibilities. Shape the future. All potential uses and redevelopment concepts are subject to zoning provisions, municipal approvals, servicing, parking and other requirements. (id:7434)