Property Information:

Calling all builders and developers! This incredible property is a rare find, priced below assessed value, and offers a prime opportunity to create something remarkable in the heart of the city. Currently zoned for Institutional use, the potential is limitless – envision a thriving seniors complex, a state-of-the-art medical facility, or a vibrant daycare center. What's more, the property is in the process of being rezoned to R2, with plans already in motion for the development of townhomes, apartments/condominiums. Additionally, a plot plan is attached for separate building lots, providing flexibility for your vision. The land has been meticulously surveyed and plotted out for 5 building lots, making the approval process seamless. Furthermore, the potential to easily rezone from institutional to residential opens up a world of possibilities. If a commercial building is on your mind, city services are readily available for a hassle-free hookup, and the land, mostly level with a charming tree line at the rear, is ready for development. This is an opportunity not to be missed! (id:27)