2 acres in the heart of Lake Country, ready for multi-family residential development. Land is all flat and usable. Land is currently zoned RU1 (single family residential) with an OCP future land use of High Density Residential. The land is located in the Urban Containment Area. Multifamily residential zonings would permit between 25 to 120 units per hectare; rental project may have further density allowances. Surrounding land is also available (4.7 acres total for a potential assembly are signed via exclusive lsitings) should a developer need more land; however, this property is available independently and there is no obligation to purchase an assembly. The property is nearly across from 14 acres of Parkland at Beasley Park, as well as Reiswig regional park. Lots of development happening in the area, with more commercial amenities on the way to service future development. Priced at $75 per sq.ft. of land. There is an existing home on the property that would be well suited to obtain income prior to development occurring. Sewer and Water are existing on Woodsdale Road. (id:7396)
$6, 500, 000
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