Acreage
$899,000
Prime Development Opportunity: 1.105 Acres, R2 Medium-High Density Residential. An exceptional opportunity to acquire approximately 1.105 acres of development land, strategically located along King Street East and surrounded by established residential communities, schools, parks, shopping, transit and everyday amenities. The property is currently zoned R2, Medium-High Density Residential, which permits a range of multiple-unit residential uses, creating potential for a variety of residential development concepts, subject to applicable municipal requirements and approvals. With its generous land area, residential zoning and convenient location, this property presents an excellent opportunity for builders, developers and investors looking to explore future residential intensification in an established and growing area. Development potential is subject to municipal approvals, zoning compliance, site plan approval, servicing requirements and all other applicable approvals. Buyers and their representatives are advised to conduct their own due diligence regarding permitted uses, development potential and approvals. A rare opportunity to secure a sizeable development parcel in a well-connected location with significant potential for future residential development. (id:50976)
Property Details
|
MLS® Number
|
40866904 |
|
Property Type
|
Vacant Land |
|
Amenities Near By
|
Public Transit |
|
Community Features
|
High Traffic Area |
Building
|
Basement Type
|
None |
|
Utility Water
|
None |
Land
|
Access Type
|
Highway Access |
|
Acreage
|
Yes |
|
Land Amenities
|
Public Transit |
|
Sewer
|
No Sewage System |
|
Size Frontage
|
113 Ft |
|
Size Irregular
|
1.7 |
|
Size Total
|
1.7 Ac|1/2 - 1.99 Acres |
|
Size Total Text
|
1.7 Ac|1/2 - 1.99 Acres |
|
Zoning Description
|
R2 |
https://www.realtor.ca/real-estate/30341032/683-preston-parkway-cambridge
