Property Information:
Property & Lot! A rare investment opportunity not to be missed. This double lot property, located on Fourth Avenue, offers exceptional potential for investors, builders, and renovators alike. The existing dwelling is small, very old, and would require either a complete gut renovation or is best suited for a full teardown, making it an ideal candidate for a profitable flip or redevelopment project.
Property & Lot!
A rare investment opportunity not to be missed.
This double lot property, located on Fourth Avenue, offers exceptional potential for investors, builders, and renovators alike. The existing dwelling is small, very old, and would require either a complete gut renovation or is best suited for a full teardown, making it an ideal candidate for a profitable flip or redevelopment project.
What truly sets this opportunity apart is the additional vacant lot located directly behind the property on Fifth Avenue. Together, these two distinct parcels--each with their own cadastre number--create a unique dual-lot configuration that significantly enhances the overall value and flexibility of the site.
Please note that the existing garage, as shown on the Certificate of Location, straddles both lots.
Whether envisioned as a single large-scale residential build with an expansive backyard, or as two separate new constructions--unlocking dual investment opportunities--this property offers outstanding versatility and long-term upside.
A strategic acquisition for those looking to maximize land use, capitalize on redevelopment potential, and secure a rare multi-lot opportunity in a desirable area.
Side Note -- Market Positioning:
While I acknowledge that $45-$50 per square foot is on the higher end of the range for this property, I believe it remains justified and defensible given the unique opportunity this offering presents. The fact that the properties consist of two separate lots with two distinct addresses can be highly attractive to certain buyers, particularly builders, investors, or independent contractors--who may see added flexibility, development potential, or long-term value in this configuration. This element strengthens the overall appeal and supports a confident market position
The connections to the municipal water and sewer services, are at the BUYER'S expense and responsibility.
Inclusions: As is.
Exclusions : Wooden boat currently stored there that belongs to a neighbour and will be moved prior to sale.
Building Features:
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Utilities:
Water Connected, Sewer Connected
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Water Source:
Municipality
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Sewer:
Municipality
