Exciting Development Opportunity! Builders and investors, take note! This exceptional vacant parcel of land offers incredible potential in a prime residential neighborhood. Nestled on a peaceful, dead-end street just moments from downtown, parks, the hospital, public transit, and more, this 0.25-acre property is a rare find. The current project envisions an 8-unit development, with city approval underway, and there’s even potential to expand to a 10-unit complex in the future. Included are permit-ready plans for a modern, 6-plex building featuring a mix of four 2-bedroom, 2-bathroom units and two 3-bedroom, 2-bathroom units. Thoughtfully designed for maximum comfort and livability, this layout is perfect for future tenants. Planned amenities include parking for 9 vehicles and 6 storage lockers, ensuring convenience and accessibility. Interested in unlocking the full potential? Reach out for more information about expanding to an 8-unit development. The Seller is also open to exploring partnership opportunities with the right terms in place. This property offers both versatility and an exceptional locationdon’t miss out!
Mls | 40674319 |
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Listing Type | For Sale |
Style | Detachd |
Subtype | Resale |
Status | Active |
Days On Site | 22 |
Listing Provided By | Chestnut Park Realty (Southwestern Ontario) Ltd | Kristin Ghent |
Zoning | R.4A |
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Acreage | 0.25 |
State | ON |
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County | Wellington |
City | Guelph |
Zip Code | N1E 1W6 |
Area | City of Guelph |
Subarea | 3 General Hospital |
Community Name | 3 General Hospital |
Listing VS Median (in 3 General Hospital) | |
Price: $750,000 low | high Med: $687,000 On Site: 22 low | high Med: 49.000000 |