LOADING

467 Gorham Road Ridgeway, Ontario L0S 1N0

$1,199,900

Attention Builders, Developers & Investors! Fabulous opportunity - 17,612 sq ft 125.8’ X 140’ corner development lot fronting on 2 streets. No need for re-zoning, as the current RM1-508 zoning permits medium density, creating the opportunity and flexibility for a 4 - 5 unit Townhouse complex w/ potential secondary income suites or a 4 storey apartment house for maximum density. Situated in highly sought after location in rapidly growing area of Niagara, near proposed neighbourhood retail centre, close to quaint downtown area & just minutes from the Friendship Trail and Lake. For those looking to defer the project, a 1776 sq ft 4+ Bedroom home with detached 4 car garage currently sits on the property, providing an excellent rental opportunity to offset costs until planning and approvals are in place. (id:38042)

Property Details

MLS® Number 40562233
Property Type Vacant Land

Building

Basement Type None
Utility Water Municipal Water

Land

Acreage No
Fence Type Fence
Sewer Municipal Sewage System
Size Depth 140 Ft
Size Frontage 126 Ft
Size Total Text Under 1/2 Acre
Zoning Description Rm1-508

Utilities

Cable Available
Electricity Available
Natural Gas Available
Telephone Available

Interested?

Contact me for more information or to see it in person