C$759,000

Builders - contractors - Investors. Here is an opportunity to either build a new apartment building of up to 10 units or renovate the existing 6 unit apartment building. This building lot is zoned for up to a 10 unit apartment building. Present zoning is R4AU and new zoning is N3B. Lot size is 55 ft x 79 ft. The location is minutes to downtown, walk to trendy Beechwood Avenue. This is an excellent rental area. Presently there is a vacant 6 unit apartment building that is structurally sound however experienced a fire in the basement unit. The building could be repaired and brought back to operation. The building has 6 - 2 bedroom apartments all with laundry facilities. The new zoning will permit the construction of up to a 10 unit apartment building. The lot is serviced with hydro, gas, water and cable. Ideal for a builder interested in building a new apartment building or for a contractor to renovate the existing 6 unit apartment building. Survey is available upon request. The listing agent must be present to provide access to the apartment building.