OPEN HOUSE Sat May 7th 1-4! Attention developers or anyone looking for an Estate lot! This is a fantastic building lot in a prime location with a rural setting on the city limits. 1.6 acres of land backing onto farmland and surrounded by estate homes and up and coming new development. Numerous surrounding lots recently sold with plans for tear down and new build. Easy access to hwy 7&8, public transit and all the amenities on the boardwalk. Purchase now and maintain the bonus rental income while your plans and permits get set in motion. There are two working wells on the property and a regularly maintained specific system. Z1 zoning allows for single family new build, home business. Plenty of room to build a single family home with a garage and detached shop. This is a truly unique property with so much opportunity and potential. You have to see it to believe it! This property currently has a spectacular 2 storey century home with over 4,000 sqft of finished living space plus a 1,500 sqft unfinished basement. Many years ago the home was separated into 5 units making this a fantastic 5 plex which is the current use. This is an ever changing area of town with lots of older homes being converted and new homes being built. Give me a call to discuss comparables and similar plans in the area. (id:2493)