DEVELOPMENT SITE STEPS TO LRT.


Property

Website:https://www.nestseekers.com/5440414
Address:
Cyrville - Carson Grove - Pineview K1B 3M1
Canada
Ownership: For Sale
Type: Unknown
Bedrooms: 8 BR
Bathrooms: 4

Financials

Price:C2,350,000
($1,718,700)
(€1,468,000)
Annual Taxes:C7,307.84

Description

DEVELOPMENT SITE STEPS TO LRT. 0.34-acre site located ~400m from Cyrville LRT Station. Successfully rezoned Hub Zone 2 [F], permitting mid-rise residential intensification in a rapidly evolving corridor. Preliminary plans support a 6-storey mid-rise development, with supporting reports available. Approved zoning in place reduces entitlement risk and allows for near-term execution. Flexible strategy: develop immediately, hold with income while advancing design, or reposition within a transforming transit-oriented node. There are many permitted uses outlined in this mixed-use hub zone. In-place gross income (~$71K/year; ~$88K potential) provides stable holding revenue. Property includes triplex (3 x 2-bedroom units), office outbuilding with kitchen & washroom, and large fully fenced yard with ~20 parking spaces and separate gated access. Nearby developments demonstrate strong lease-up performance, supporting continued rental demand in this LRT-connected location. Supporting due diligence materials available upon execution of a signed NDA. All showings to be coordinated through listing agent.

Amenities

  • Unknown
  • Water Heater Owned

Contact

505 Park Ave, New York, NY 10022