4,230 ft²Multifamily$849,000Sale
4,230 ft²
Multifamily
$849,000
Sale
![Mitch Gauzas](https://www.spacelist.ca/assets/thumb/avatar-placeholder.png)
Mitch Gauzas
Fully approved triplex development site for sale. This lot is available for $849,000 and comes with all the approved working architectural drawings. The successful buyer will undertake the construction at their cost. The Seller has prepared the site for construction. The demolition of the existing structure is approved and will occur this summer, 2024 at the seller's expense. The design plans offer 3 spacious floors of 1,410 square feet. Each floor is designed as an apartment easily configured for a one-bedroom, two-bedroom, or bachelor layout. This is a fantastic long-term investment opportunity for an owner-occupier to live in one unit and rent out the second and third units for income to offset the cost of ownership. The plans call for a driveway that can accommodate two vehicles parked in tandem. Several new developments on this street and the neighborhood across from and adjacent to the property. Well situated close to shopping and transit.
The Space
Asking Price$849,000
Available Space4,230 ft²
SourceDirect
The Building
Fully approved triplex development site for sale. This lot is available for $849,000 and comes with all the approved working architectural drawings. The successful buyer will undertake the construction at their cost. The Seller has prepared the site for construction. The demolition of the existing structure is approved and will occur this summer, 2024 at the seller's expense. The design plans offer 3 spacious floors of 1,410 square feet. Each floor is designed as an apartment easily configured for a one-bedroom, two-bedroom, or bachelor layout. This is a fantastic long-term investment opportunity for an owner-occupier to live in one unit and rent out the second and third units for income to offset the cost of ownership. The plans call for a driveway that can accommodate two vehicles parked in tandem. Several new developments on this street and the neighborhood across from and adjacent to the property. Well situated close to shopping and transit.
Property TypeMultifamily
Lot Size2,551 ft²
Up to $500K for Ontario businesses
Need help paying suppliers, covering renovation and repair costs, or hiring new employees? Merchant Growth has flexible financing solutions for any situation.