Guelph, General Hospital, N1E 1W6
$750,000
Listed by Chestnut Park Realty (Southwestern Ontario) Ltd.
Exciting Investment Opportunity Calling all builders and investors! An exceptional opportunity awaits you in this sought-after residential neighbourhood. We are thrilled to present a vacant, buildable parcel of land situated on a dead-end street, just a short stroll away from the hospital, public transit, and various amenities. This rare 0.25-acre vacant lot offers the ideal canvas for your next project—a potential 6-plex building awaits those with a keen eye for lucrative investments. Alternatively, with the approval of a parking variance, you could capitalize on the space and construct up to 8 rental units. Included with the property are plans for a contemporary 6-plex building. Meticulously designed for optimal livability, the proposed structure comprises four 2-bedroom, 2-bathroom units and two 3-bedroom, 2-bathroom units. The thoughtful layout caters to the comfort and convenience of residents. Parking won't be a hassle, as the building plans allocate space for 9 cars, ensuring ample room for residents and visitors alike. Additionally, there are 6 storage lockers to meet the storage needs of the occupants. For those interested in maximizing the potential with 8 units, we invite you to reach out. The Seller is more than willing to engage in detailed discussions regarding this option. Furthermore, the Seller is open to exploring collaborative building arrangements under the right terms.
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This property has been sold 3 times before. To view this property's sale price history please sign in or register: