This vacant land in Spryfield offers a 5.54 ac lot. The property has lot dimensions of 5.54.
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:60351)
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Listed by Larry Foran, Exit Realty Metro
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Listing represented by Larry Foran, Exit Realty Metro · MLS# 202608102
For illustration purposes only. Consult a mortgage professional for accurate rates.
Disclaimer: The mortgage estimates and monthly cost calculations shown above are for illustrative purposes only and should not be relied upon as financial advice. Actual mortgage rates, terms, and eligibility depend on your personal financial situation, credit history, and current market conditions. Please consult a licensed mortgage broker, financial advisor, or your bank to determine your actual affordability and mortgage costs before making any purchasing decisions.
Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.