INVESTOR ALERT: Outstanding RU7 zoned lot available within a short, 2-block walk of downtown. Rectangular shaped lot with 50 ft of frontage on Stockwell Ave and over 126 ft of depth for a total of .145 acres or 6316 SF.
Lot also has direct access to a rear lane. Property is zoned RU7 – Infill Housing and would allow for a significant increase to the density of the property. This versatile zoning designation allows for up to four dwelling housing and allows for secondary suites and possible short-term rental accommodation. Structures permitted include single detached houses, duplex, three-plex or four-plex housing. Property currently has a very rentable 764 SF, 2-bedroom, 1-bathroom house, that can provide short term investment income with a little TLC. Roof replaced 5 years ago. This property is ready for redevelopment.
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