Prime Investment Opportunity with Development Potential! Discover this exceptional property situated on
a lot measuring 102.53 feet wide by 163.28 feet deep, featuring GCBD zoning that unlocks a multitude of
development possibilities. Currently, the property features a 3-unit residential triplex measuring
approx 2,400 sqft, including Two 2-bedroom units & One bachelor unit. Additionally, there is a large
detached garage, equipped with its own power source and heating, perfect for storage or workshop use.
The GCBD zoning permits the construction of a 5-storey building with a wide range of potential uses
including Apartment building, Hotels, motels, or inns, Office spaces, and many more versatile options.
Substantial progress already made toward obtaining site plan approval for a 21-unit, 5 storey apartment
building. For those looking to generate income immediately, the existing structures can be rented for an
estimated market rent of $5,000 per month, making it a perfect investment for both short-term cash flow
and long-term growth. Don’t miss this chance to secure a property that combines immediate rental income
with extraordinary future development potential. Contact us today to explore the possibilities! RSA.