2 x 4Plexes & POSSIBLY MORE can be erected on 2 lots. VALUE IS IN THE LAND! RESIDENTIAL HOME NOT AVAILABLE FOR VIEWING. NO SHOWINGS. Selling as-is. The owner has only submitted for a Record of Pre-submission BUT NO FURTHER ACTION HAS BEEN TAKEN. This would be the new owner’s responsibility. The owner/applicant has proposed a severance create a new residential development lot, in order to identify the development potential for each lot. No severance sketch available currently. The owner/applicant has investigated a potential development concept to which the city has given verbal consent running until May 28,2025, i.e. severance of two lots with approximately equal frontage, demolishing the existing residential home and constructing at a minimal, 2 x 4Plexes & POSSIBLY MORE residential dwellings/density. Minor variance application(s) may be required for reduced lot frontage. The property is designated Built-Up Area and Urban Area in the Region Official Plan (ROP). Property measurements are as follows 156.58x88.50x187.79x75.54
MLS# | 40685641 |
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Listing Type | For Sale |
Style | House |
Sub-Type | Resale |
Status | Active |
Days On Site | 32 |
Listing Provided By | RE/MAX TWIN CITY REALTY INC. BROKERAGE-2 | Tony Johal |
Zoning | R2 |
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State | ON |
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County | Waterloo |
City | Kitchener |
Zip Code | N2K 1S3 |
Area | 1 Waterloo East |
Subarea | 120 Lexington | Lincoln Village |
Community Name | 120 Lexington/Lincoln Village |
Listing VS Median (in 120 Lexington/Lincoln Village) | |
Price: $999,999 low | high Med: $400,000 On Site: 32 low | high Med: 87.000000 |