Prime Commercial Land Opportunity - Ideal for Investors!
Location: Buccleuch
Size: 14,733 sqm
Zoning: Rezoned to Residential 2 (Res 2) - Density of 20 units per hectare
Overview:
Unlock the potential of this expansive 14,733 sqm parcel of land, perfectly positioned for commercial and residential development. With an existing zoning of Residential 2 and a density of 20 dwellings per hectare, this site is set up for substantial growth and lucrative investment opportunities.
Key Features:
- Generous Site Area: 14,733 sqm (approx. 1.47 hectares) - Current Zoning: Residential 2 (Res 2) - Density Allowance: 20 dwellings per hectare - up to 29 units on-site - Inclusionary Units: The current density does not require inclusionary - - housing units. - Investment Potential:
Maximum Density: Achieve up to 29 units under the current zoning. Rezoning Possibilities: By rezoning for market units plus 30% inclusionary housing, the density could increase to a total of 37 units.
Why Invest Here?
- Strategic Location: close proximity to local grocers and family friendly establishments, top of the range schools and religious grounds. Easy access to main roads. - High Demand Area: This site is located in a growing area with increasing demand for residential development. - Flexibility: Existing zoning allows for immediate development with a favorable density of 20 units per hectare. Future rezoning could maximize your return on investment.
This is an exceptional opportunity for investors looking to capitalize on a prime piece of land with significant development potential.
Don't miss out on this chance to shape the future of this thriving area!
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
