$1,690,000

About this property

Exceptional opportunity for investors, developers, or savvy buyers in one of the city's most rapidly growing areas! Set on nearly one acre of land, this property offers immediate development potential. With zoning support in place, the lot could be redeveloped into 4 detached homes, 14+ townhomes, or a 3 - 4 storey condo building. Directly next door, a 7-unit townhome project is already underway - highlighting the strong demand and growth in this location. Proximity to top-rated elementary and secondary schools, major retail including Costco, Walmart, FreshCo and Metro, and the new General Hospital currently under construction only further enhances the value. For those seeking a residence, the existing beautifully character 2-storey home offers over 4,000 sq. ft. above grade plus a finished basement. Features include 4 spacious bedrooms, 2 fully renovated bathrooms upstairs, and multiple large principal rooms on the main floor, including a bright modern kitchen updated in 2021. Additional updates include new side roof shingles (2021), radiant water heating, separate central A/C system, and a new instant hot water system (2023, rental). An oversized detached garage with power and water offers flexible use as a workshop or additional storage. This is a rare dual-purpose property: move into a beautiful home and making it your own today while capitalizing on its outstanding development potential for tomorrow. Don't miss this chance to secure nearly an acre in a prime growth corridor.

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