+10 more
4
Bedrooms
2
Bathrooms
2,962 sqft
Living Area
0.29 ac
Lot
1930
Year Built
About This Property
This 4-bedroom, 2-bathroom single family in Vernon offers 2,962 sqft of living area on a 0.29 ac lot. Built in 1930, 1 storey. The property has lot dimensions of 0.29. The home features forced air, see remarks heating, a full basement, a fireplace. Highlights include a 4-car garage.
MLS Remarks
(Holding property with redevelopment potential). This 0.29-acre rectangular lot—measuring 74.88 feet wide by 170 feet deep (12,831 sq. ft.)—offers exceptional redevelopment potential following a recent rezoning to MUM (Multi-Unit: Medium Scale). The new zoning permits increased density and building heights up to 15 meters, significantly enhancing the site’s development capacity. Previously, the property had preliminary plans for a 3-storey, 6-unit row townhouse project, with each unit designed at approximately 2,200 sq. ft. including a garage. Situated in a rapidly evolving neighborhood. Concept images of the original townhouse design are available upon request. Additionally, assembly with the neighboring property creates the potential for a 54–72 unit apartment development, substantially increasing overall project scale and value. Acquiring both parcels together represents a significant value-add opportunity for developers and investors. (The interior needs a substantial update, the exterior appears to be in reasonable condition). Renovation potential, rental potential, value-add opportunity, ready for your vision. (id:60351)
Overview
Property Typeresidential
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