Property Description for 1399 AURELE STREET
EXCITING INVESTMENT & FUTURE DEVELOPMENT OPPORTUNITY | R2N ZONING | 0.346 ACRES. A rare chance to own a large 15,090 sq ft lot in the city with tons of potential, whether you're looking to invest, build down the road, or live on-site while you plan. Zoned R2N, this urban property allows for severance into 3 lots by right, or 4 with a minor variance, giving you plenty of flexibility for the future.The current home is a solid 1,200 sq ft all-brick bungalow with an attached garage, a detached garage, and rear entrance, making it ideal for a basement in-law suite or rental unit. Live in the home, rent it out, or do both while you explore your development options. Located in a fast-growing area just minutes from the LRT, Cyrville Rd, Innes Rd, and Highway 417, it's a commuter-friendly spot with strong future upside. Recent developments on nearby streets show whats possible here, and Bill 23 continues to support adding more housing within the city. Preliminary studies suggest the lot could support up to 16 units in the future, such as semi-detached homes with Secondary Dwelling Units (SDUs) all subject to city approvals. Whether you're a hands-on investor or looking for a smart long-term hold, this property offers immediate value with rental income potential and future development upside. (id:38686)
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Property Details
Property Tax
: $5,335MLS® #
: X12303114
Home Features
Property Type
: Vacant Land
Interior Features
Fireplace
: Yes
Utilities
Sewer
: Sanitary sewer
Other
Parking Features
: Attached Garage, GarageExterior Features
: Brick
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