Listing courtesy of Windermere Real Estate Co..
LR2 (M1) redevelopment opportunity combining future development potential with strong interim income. Value is primarily in the land, ideal for townhomes or cottage housing at increased density. The existing home is in great condition and currently leased, while multiple powered outbuildings offer additional income or use flexibility. The 60-foot-wide lot is notably flat with no recorded ECAs. Proven development precedent next door with an 8-unit townhome project underway on an equivalent parcel. Excellent proximity to transit, including the RapidRide E Line, and convenient access to the Northgate Light Rail Station approximately one mile away by foot or bike.
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