Lt 2 Read Street E

For Sale 41 Days
$1,380,000 $30K
$1,350,000
1.26 Acre

Lt 2 Read Street E

For Sale 41 Days
$1,380,000 $30K
$1,350,000
1.26 Acre

Highlights

Key insights

Description

This amazing 1.264-acre commercial lot presents a rare and highly desirable opportunity for developers and investors. Fully zoned and site plan approved for a 43-unit rental apartment building, significantly reducing timelines and offering significant income potential All major utilities are available at the street, further simplifying development. The location is exceptionally desirable, just walking distance from the community centre, library, historic locks, shops, restaurants, and patios. This will make renting units easy, as that is what everyone is looking for in a rental. This building is well thought out in its design, and features one and two bedrooms, with an elevator, for anyone who cannot take the stairs. All plans and reports are provided to get you started with your project, with 90% site plan approved this gives you a speedy and efficient start. With the potential for CMHC financing approval, this is a standout investment in one of the region's most charming and in-demand areas. Don't miss this turnkey development site in the heart of Merrickville. (id:63267)

Stephanie Beauregard of ROYAL LEPAGE TEAM REALTY,
#X12316001
updated 6 days ago.
Houseful checked MLS® for data 6 days ago.

Home overview

Location
  • Subdivision
    804 - merrickville
Lot/ Land Details
  • Lot dimensions
    1.26
Overview
  • Lot size (acres)
    1.26
  • Listing #
    X12316001
  • Property sub type
    Land
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28671714/lt-2-read-street-e-merrickville-wolford-804-merrickville
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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