Prime Investment Opportunity with Development Potential! Discover this exceptional property situated ona lot measuring 102.53 feet wide by 163.28 feet deep, featuring GCBD zoning that unlocks a multitude ofdevelopment possibilities. Currently, the property features a 3-unit residential triplex measuringapprox 2,400 sqft, including Two 2-bedroom units & One bachelor unit. Additionally, there is a largedetached garage, equipped with its own power source and heating, perfect for storage or workshop use.The GCBD zoning permits the construction of a 5-storey building with a wide range of potential usesincluding Apartment building, Hotels, motels, or inns, Office spaces, and many more versatile options.Substantial progress already made toward obtaining site plan approval for a 21-unit, 5 storey apartmentbuilding. For those looking to generate income immediately, the existing structures can be rented for anestimated market rent of $5,000 per month, making it a perfect investment for both short-term cash flowand long-term growth. Don’t miss this chance to secure a property that combines immediate rental incomewith extraordinary future development potential. Contact us today to explore the possibilities! RSA.
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