C$1,350,000

THIS PROPERTY CONTAINS 5.5 ACRES and zoned SUBURBAN HOUSING ACCELERATOR LAND BY-LAW. Road frontage is 90 feet and zoned C-2A in frontage portion, which allows as a right a 15 storey building. NO CAPS ON DENSITY! Seller would provide a portion of the Purchase Price in a Take Back Mortgage. A versatile development lot with multi-unit potential-perfect for a single-family home ,triplex or four plex design, subject to municipal approvals. Potential for 5 Apartment Buildings 5 Stories at rear of property. The Federal Government has made it clear that they will be pushing for upzoning along all main transit corridors which Herring Cove Road is one. The Buyers should check with the City to be reassured of the zoning potential.15 Story apartment building road frontage. HA ZONING The Lot next 545 Herring Cove Rd is Also For Sale. These statements are subject to municipal approvals. (id:41202)