Web Ref No RL959

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!