5
104 HIGHLAND ROAD
$385,000 Sale
Listed 21 days ago
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Key Facts
Key facts for 104 HIGHLAND ROAD
Property Type
Lots/Land
Parking
Garage: No, 0 parking
MLS #
X12212153
Size
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Basement
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Listed on
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Lot size
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Tax
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Days on Market
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Year Built
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Maintenance Fee
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Description
Exceptional Development Opportunity in a Prime Location! Strategically positioned on high-traffic Algonquin Avenue at a signalized intersection, this property offers unmatched visibility and accessibility making it an ideal site for a wide range of development opportunities. Backed by flexible zonin...g and municipal support, the site is well-suited for residential projects such as an apartment complex (accommodating either 22 traditional or 40 micro-units), along with additional multi-unit residential options. While only a portion of the property is currently zoned R3, the vendor is open to collaborating with prospective buyers to facilitate necessary zoning amendments and ensure a smooth transition through the site plan approval process. The property also benefits from its C4 zoning designation, allowing for a variety of commercial uses including quick-service restaurants, retail outlets, medical and professional offices, or entertainment venues. With a recent lot survey and a 2022 Phase II Environmental Site Assessment already completed, the property is development-ready. Whether you're an investor looking for high-yield potential or a visionary entrepreneur ready to bring your concept to life, this premier site presents limitless opportunities for long-term success. (id:10452)
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Listing courtesy of: REALTY EXECUTIVES Local Group Inc. Brokerage
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