Vacant LandMLS® X12531178
1570-1580 GOTH Avenue
2605 - Blossom Park/Kemp Park/Findlay Creek, Blossom Park - Airport and Area, ON K1T 1E4
$2,900,000
0 Bed
0 Bath
About This Property
210' x 300' land currently with a bungalow and a double side by side, m/m tenants.Appr 1.4 acre lot [62,688 sq ft] with numerous development possibilities.Possibility to create ~90 rental dwelling units and secure preferred CMHC financing. Current Zoning permits various lot severances along Goth Ave with no variances. The New Zoning Bylaw will allow considerably more density - 6m (18 feet) frontage for multiple attached dwellings. Concept drawings show a possible semi-detached housing plan.When they were created, they were within the density allowances of the new Official Plan. At that time the zoning minimum lot width was 30', and the maximum height was 2 storeys. With the new zoning, the minimum frontage is 18' and height increased to 3 storeys. Rows are allowed in addition to semis, and up to 32 would be permitted [not just the 24 shown]. Each row or semi could have 3 dwelling units - possibility of up to 96 dwelling units.Month to month tenants to be assumed. Please do not disturb the tenants. Do not walk the lot without an appointment. The Lot backs onto back yards on Rosebella, next to the former road allowance at the end of Mavis St.
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