DEVELOPMENT SITE STEPS TO LRT. 0.34-acre site located ~400m from Cyrville LRT Station. Successfully rezoned Hub Zone 2 [F], permitting mid-rise residential intensification in a rapidly evolving corridor. Preliminary plans support a 6-storey mid-rise development, with supporting reports available. Approved zoning in place reduces entitlement risk and allows for near-term execution. Flexible strategy: develop immediately, hold with income while advancing design, or reposition within a transforming transit-oriented node. There are many permitted uses outlined in this mixed-use hub zone. In-place gross income (~$71K/year; ~$88K potential) provides stable holding revenue. Property includes triplex (3 x 2-bedroom units), office outbuilding with kitchen & washroom, and large fully fenced yard with ~20 parking spaces and separate gated access. Nearby developments demonstrate strong lease-up performance, supporting continued rental demand in this LRT-connected location. Supporting due diligence materials available upon execution of a signed NDA. All showings to be coordinated through listing agent. (id:2493)
Property Type:
Vacant Land
Living Area (Min):
1,500 sq. ft.139 m2
Living Area (Max):
2,000 sq. ft.186 m2
Zoning:
H2F[2755] H(20)-h
Taxes:
$7,307.84 /
-
Community:
2203 - Cyrville Rd./Industrial Park
Exterior Features:
Aluminum siding
Utilities:
Sewer, Electricity, Cable, Natural Gas Available
Appliances Included:
Water Heater
Bedrooms:
8
Bedrooms Above Grade:
6
Bedrooms Below Grade:
2
Bathrooms:
4.0
Cooling:
Central air conditioning
Fireplace:
No
Foundation:
Concrete
Heating:
Baseboard heaters, Forced air, Not known, Natural gas
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