DEVELOPMENT OPPORTUNITY: Discover 3.90 acres of prime development land. The property finds itself within the Neighbourhood Hillside & Shoreline Land Use Designation, a strategic zoning that paves the way for increased density and Low-Rise buildings, up to 6 storeys. The Floor Space Ratio (FSR) is set at an advantageous 1.2:1, inviting imaginative possibilities for development.
The property presents a promising opportunity for developers. Surrounded by multi-family zoned properties, it stands as a prime example of the region's potential for higher density development, growth, and prosperity. The options for redevelopment are vast, making it an attractive investment in a thriving community. This expansive parcel currently includes a 3-bedroom home, a workshop, and various outbuildings for potential rental revenue.
Data was last updated September 7, 2024 at 10:05 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$1,175,000
Min list price:
$399,900
Max list price:
$5,000,000
Avg days on market:
42
Min days on market:
1
Max days on market:
324
Avg price per sq.ft.:
$528.28
These statistics are generated based on the current listing's property type
and located in
Co Latoria. Average values are
derived using median calculations.