Description

Listed by Cushman & Wakefield Waterloo Region Ltd

A unique investment and land-hold opportunity featuring a detached home on a rare extra-deep 156 ft lot. The property offers the ability to enjoy or rent the existing residence while benefiting from potential longer-term redevelopment or intensification opportunities. The 1.5-storey home offers approximately 1,040 sq. ft. above grade plus approximately 640 sq. ft. of finished basement space. The main floor features one bedroom, with two additional rooms on the second floor. A substantial 24.5 ft x 24.5 ft detached garage (inside measurements, built in 1987) provides excellent additional storage or workspace. Recent improvements include a furnace updated in 2019 and a blue steel roof installed in 2018. The property is currently zoned EMP-1 and is situated within a transitioning corridor experiencing redevelopment activity and nearby planning applications, providing potential longer-term upside for an investor or owner willing to explore future use possibilities. Conveniently located near major arterial roads, transit routes and amenities. An excellent opportunity for an owner-occupier, investor or land-hold purchaser seeking a property with an existing residence and future potential. Property is being sold "as is."