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1.61 Acres Lot
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1.61 Acres Lot
Key Details
Property Type Single Family Home
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40712145
Originating Board Waterloo Region
Annual Tax Amount $33,262
Lot Size 1.610 Acres
Acres 1.61
Property Sub-Type Residential
Property Description
The offering has approved zoning along with an Official Plan Amendment to allow for the development of an 8 storey mixed use building with a maximum total GFA of 118,403 sq. ft. (11,000 sq. m.). As part of the approved Zoning By-Law Amendment a minimum of 5,640 sq. ft. (524 sq. m.) of retail space must be provided on the ground floor of the development. The maximum density permitted on the Site is 175.4 units per hectare (71 units per acre), representing approximately 115 units in total. The current plans propose a mix of studio, 1-bedroom and 2-bedroom units, although a formal Site Plan application has not been submitted by the owner, allowing any purchaser the opportunity to finalize the design, tenure and layout of the building based on their own preferences. The offering is ideally located in close proximity to an abundance of amenities including grocery stores, restaurants, cafes and is less than a 5-minute drive to the University of Guelph.
Location
Province ON
County Wellington
Area City Of Guelph
Zoning NCC-16 (PA) (H27)
Direction Arkell Road/Gordon Street
Rooms
Kitchen 0
Interior
Fireplace No
Exterior
Utilities Available Cell Service, Street Lights
Lot Frontage 390.82
Lot Depth 177.01
Garage No
Building
Lot Description Urban, Rectangular, Corner Lot, High Traffic Area, Public Transit, Schools
Faces Arkell Road/Gordon Street
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community false
Tax ID 711861447
Ownership Freehold/None
Listed by CBRE LIMITED
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