$619,000

About this property

180 Fares St is prepped for development, with Approved Building Permits already in place for four 2-bedroom units and four 1-bedroom units. Most of the framing is already completed as per new building permit drawings and new windows already installed. The property sits in a high-potential neighborhood that is on the brink of major transformation. It's set to benefit from several major upcoming projects, including the future City Waterfront Centre, a year-round multi-use hub that will serve cruise ship guests and host community events. Just around the corner, Rankin is wrapping up construction on a 9-storey, 72-unit condo building. Plus, the Marina District is being reimagined with city plans to create 5 to 8 new urban blocks here, with commercial space on the ground floor, residential units above, and new walking paths, parks, and event spaces throughout. The location is unbeatable walking distance to downtown, grocery stores, restaurants, parks, the canal, and more. This is a prime investment opportunity in a rapidly evolving area. Property is being sold as is condition. Seller open to offering up to 25% Vendor Take-Back (VTB) financing, creating a unique opportunity for buyers seeking flexible financing options.

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