Property Information:
Prime residential development land. Area is 7,020 sq. ft. Buildable sq. ft is 3,380. Bells Corners is landlocked by NCC property, making this lot a rare opportunity. Current zoning is R1 permitting a single family house containing up to 3 units or 2 units and a coach house. New city zoning proposal is N2E which potentially allows a 10 unit building, subject to height restrictions and setbacks. Public transit steps away on Moodie, near future LRT, 15 minute walk to Robertson Rd. and amenities. Buy now & plan to construct a small apartment building. Land immediately across the street is zoned R4. Nearby 572 Moodie and 4000 Old Richmond Rd. currently has construction of a 59 unit apt building & 6 stacked townhouses. NDHQ nearby with 9,000 employees as a great tenant pool. Purchase conditional upon severance anticipated by end of November. Schedule B to accompany offers. Buyers do their own due diligence regarding usage on existing or future zoning. HST is IN ADDITION to purchase price. (id:27)
