Attention investors! This is your chance to own a highly sought-after corner lot in the heart of Highland Park. With R-C2 zoning and potential for increased zoning, this property is bursting with potential for redevelopment or as a revenue-generating asset. Location, Location, Location: Situated in the desirable Highland Park community, this property is close to amenities, schools, parks, and transit options.
Zoning Potential: Currently zoned R-C2, with the possibility of rezoning for further development, making it ideal for future multi-family or mixed-use projects.
Corner Lot: This spacious corner lot offers flexibility in design and ample space for creative development ideas.
Income Potential: The property features a 3-bedroom suite on the upper level and a 3-bedroom illegal suite in the basement, complete with a separate entrance. A perfect setup for rental income while you plan your redevelopment.
Current Lease: The current tenant agreement runs through August, providing immediate revenue with room for extension or new leases. Act fast to secure this opportunity! With its ideal location and numerous development possibilities, this property is sure to attract significant interest. Don't miss out on this unique chance to invest in Highland Park.
Contact us today for more information and to schedule a viewing!
Data was last updated December 23, 2024 at 06:05 AM (UTC)
Area Statistics
Listings on market:
27
Avg list price:
$794,800
Min list price:
$164,900
Max list price:
$1,800,000
Avg days on market:
53
Min days on market:
10
Max days on market:
195
Avg price per sq.ft.:
$547.78
These statistics are generated based on the current listing's property type
and located in
Highland Park. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.