C$5,000,000

This is a prime multi-unit development opportunity with a plaza integrated ground floor in mind in a high density area with municipal services. Offering 2 PID's (00191718) and (40400657) with frontage on Main Street and Lakecrest Drive, the total lot size is 14,749.96 sf. A feasibility study indicates that this site is eligible for a maximum building height of 45 meters with an efficiency rating of 85%, offering a proposed gross living area of 118,996 sf with an average unit size of 800+/- sf for 158+/- units. This site has been identified as an area for greater density under the Housing Accelerator Fund and therefore eligible for development and building funding and financing through various government housing partners for the right development. Current building is 2 story (8000sq ft) with a full basement (4000 sq ft). There is a driveway on Main Street with limited parking spots in front and Lot X on Lakecrest Drive is a full parking lot. (id:41202)