Opportunity to acquire a fully tenanted, income-generating property with an approved development permit for the southern portion. The northern portion consists of six updated, 3-bedroom, 2-bathroom, two-level townhomes, some with ocean views. Enjoy steady rental income while developing the southern portion, which has approval for a 33-unit, three-story residential building over a concrete parking garage, with many units offering ocean views. The Township is currently reviewing and amending its Official Community Plan. There is potential for rezoning the northern portion to allow for increased density and redevelopment opportunities.
Property Type:
Multifamily
Dwelling Type:
Other
Year built:
1972
(Age: 52)
Total area:
7,200 sq. ft.669 m2
Total Floor Area:
7,200 sq. ft.669 m2
Main Floor Area:
3,600 sq. ft.334 m2
Levels:
2
Bedrooms:
3
(Above Grd: 3)
Bathrooms:
2.0
(Full:1/Half:1)
Num Storeys:
2
Taxes:
$16,241 /
2023
Lot Area:
41,595 sq. ft.3,864 m2
Lot Frontage:
131'39.9 m
Lot Depth:
IRR
Outdoor Area:
Fenced Yard
Basement:
None
Fireplaces:
0
Parking Total/Covered:
6 / -
Title to Land:
Freehold Strata
$.00
None
Ocean view
Listed by Macdonald Realty
Data was last updated December 22, 2024 at 11:10 PM (UTC)
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