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Listed by 3% Realty East Coast
$344,900
Est. payment /mo
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 1277552
Annual Tax Amount $3,400
Lot Dimensions 225x113x289x207
Source NLAR
Property Description
Calling all builders and developers! This incredible property is a rare find, priced below assessed value, and offers a prime opportunity to create something remarkable in the heart of the city. Currently zoned for Institutional use, the potential is limitless – envision a thriving seniors complex, a state-of-the-art medical facility, or a vibrant daycare center. What's more, the property is in the process of being rezoned to R2, with plans already in motion for the development of townhomes, apartments/condominiums. Additionally, a plot plan is attached for separate building lots, providing flexibility for your vision. The land has been meticulously surveyed and plotted out for 5 building lots, making the approval process seamless. Furthermore, the potential to easily rezone from institutional to residential opens up a world of possibilities. If a commercial building is on your mind, city services are readily available for a hassle-free hookup, and the land, mostly level with a charming tree line at the rear, is ready for development. This is an opportunity not to be missed!
Location
Province NL
Zoning INST/R2
Building
Sewer None
Water None
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