Prime Investment Opportunity with Development Potential! Discover this exceptional property situated on a lot measuring 102.53 feet wide by 163.28 feet deep, featuring GCBD zoning that unlocks a multitude of development possibilities. Currently, the property features a 3-unit residential triplex measuring approx 2,400 sqft, including Two 2-bedroom units & One bachelor unit. Additionally, there is a large detached garage, equipped with its own power source and heating, perfect for storage or workshop use. The GCBD zoning permits the construction of a 5-storey building with a wide range of potential uses including Apartment building, Hotels, motels, or inns, Office spaces, and many more versatile options. Substantial progress already made toward obtaining site plan approval for a 21-unit, 5 storey apartment building. For those looking to generate income immediately, the existing structures can be rented for an estimated market rent of $5,000 per month, making it a perfect investment for both short-term cash flow and long-term growth. Don’t miss this chance to secure a property that combines immediate rental income with extraordinary future development potential. Contact us today to explore the possibilities! RSA. (id:56069)
| MLS® Number | 40690294 |
| Property Type | Office |
| Amenities Near By | Schools |
| Features | Visual Exposure, Crushed Stone Driveway |
| Parking Space Total | 15 |
| Basement Type | Partial |
| Construction Material | Wood Frame |
| Exterior Finish | Aluminum Siding, Vinyl Siding, Wood |
| Foundation Type | Stone |
| Stories Total | 2 |
| Size Exterior | 2400.0000 |
| Size Interior | 2,400 Ft2 |
| Utility Water | Municipal Water |
| Detached Garage |
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 163 Ft |
| Size Frontage | 103 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Gc - Cbd |
| Electricity | Available |
https://www.realtor.ca/real-estate/27800800/4288-queen-street-beamsville
Contact us for more information
Adrian Zahari
Broker
(905) 574-6400
(905) 574-7301
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