Stucco exterior with horizontal siding accents, multiple windows, a gravel pathway, and a wood fence
$1,449,000
MLS® R3156467
4
Bedrooms
2
Bathrooms
1,600
Sq Ft
EXCEPTIONAL INVESTMENT AND DEVELOPMENT OPPORTUNITY IN GLENWOOD! Existing legal duplex situated on a generous corner lot of nearly 7,000 sq.ft. 3rd Reading has been granted for rezoning to facilitate subdivision into TWO RS4 LOTS, with Tentative Approval also received for the proposed 2 lot subdivision. Proposed Lot A is approximately 3,597 sq.ft. and Lot B approximately 3,262 sq.ft. The existing duplex offers approximately 1,600 sq.ft. with 4 bedrooms and 2 bathrooms, providing holding and income potential while the development process proceeds. Strong land value and significant future redevelopment potential for builders, developers and investors. Excellent Glenwood location close to schools, shopping, parks, transit and major routes.
Listed by Gunjan Gupta, LPT Realty ULC
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