323 KING

Home Details

Description

Huge price reduction - priced to move! Fantastic construction-ready residential conversion! Permits are complete and set to be issued pending payment of DCs and Parkland fees! If you're looking for a profitable redevelopment project that is truly hammer-ready, this is it. Plans include retaining main floor commercial while developing 8 new residential units (5 X 2-bed, 3 X 1-bed). Take it a step further by dividing the main floor into smaller units for a higher PSF lease value. Situated steps from a future LRT station, this building has significant cashflow and appreciation value. If development isn't your thing, the existing structure is ready to lease in its current state as offices, retail, hospitality, etc. thanks to generous D2 zoning! Tremendous potential for investors, end-users, and developers alike. Clean Phase 1 Environmental on-hand. Plans, proforma, and additional information available upon request. This amount of usable square footage is incredibly rare on the LRT route. Don't miss this remarkable opportunity! (id:39198)

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Additional media

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Property taxes

$23,921.00 per year / $1,993.42 per month

Basement

None

Year build

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Type

Vacant Land

Bedrooms

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Bathrooms

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Parking spots

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Floor

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Balcony

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Pool

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External material

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Roof type

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Lot frontage

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Lot depth

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Heating

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Fire place(s)

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