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$1,350,000
Available - For Sale
Listing ID: X12316001
This amazing 1.264-acre commercial lot presents a rare and highly desirable opportunity for developers and investors. Fully zoned and site plan approved for a 43-unit rental apartment building, significantly reducing timelines and offering significant income potential All major utilities are available at the street, further simplifying development. The location is exceptionally desirable, just walking distance from the community centre, library, historic locks, shops, restaurants, and patios. This will make renting units easy, as that is what everyone is looking for in a rental. This building is well thought out in its design, and features one and two bedrooms, with an elevator, for anyone who cannot take the stairs. All plans and reports are provided to get you started with your project, with 90% site plan approved this gives you a speedy and efficient start. With the potential for CMHC financing approval, this is a standout investment in one of the region's most charming and in-demand areas. Don't miss this turnkey development site in the heart of Merrickville.
Price $1,350,000
Taxes: $0
Tax Type: Annual
Occupancy by: Vacant
Address: LT 2 Read Stre East , Merrickville-Wolford, K0G 1N0, Leeds and Grenvi
Postal Code: K0G 1N0
Province/State: Leeds and Grenvi
Legal Description: Lot 2 and part of lots 1, 3, 4, 5, 7, 8
Directions/Cross Streets: Between Read and St.Patrick. South of Drummond
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  0
Washroom 22:  0
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Category: Designated
Total Area: 1.26
Total Area Code:  Acres
Maintenance: 0
Sewers: None
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
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Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE TEAM REALTY

LT 2 Read Stre East , Merrickville-Wolford, K0G 1N0, Leeds and Grenvi


 
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At a Glance:
Type: Com - Land
Area: Leeds and Grenville
Municipality: Merrickville-Wolford
Neighbourhood: 804 - Merrickville
Style:
Lot Size: x 80.00(Metres)
Approximate Age:
Tax: $0
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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