Investors & Developers !This property meets the Missing Middle Guidliens for up to a sixplex development and would achieve excellent rental return in the short term or hold as an investment property. There are three rentable suites , with a 2bed 1bath on the main level, a 2 bed 1 bath on the lower plus a 1 bed 1 bath garden suite and there is ample parking . There is potential here to earn $60,000 p/annum in rent . The 6000 sqft lot is currently zoned R2 and the adjoining lot of the same size has a current rezoning and building permit application with the city to redevelop to 4 townhomes.
Data was last updated February 3, 2023 at 04:05 PM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$875,000
Min list price:
$375,000
Max list price:
$1,750,000
Avg days on market:
52
Min days on market:
2
Max days on market:
616
Avg price per sq.ft.:
$687.2
These statistics are generated based on the current listing's property type
and located in
Vi Fernwood. Average values are
derived using median calculations.