$395,000

About this property

A prominent one-acre investment and redevelopment opportunity at a highly visible, well-travelled intersection in Riverviews west endan area positioned to benefit from the communitys continued growth. The property is currently improved with a two-storey commercial building offering approximately 3,500 square feet per levelabout 7,000 square feet above gradeplus a dry, usable basement providing additional storage space. Two existing tenants occupy space on a month-to-month basis, generating immediate income while preserving flexibility for a purchasers future plans. Mid-Rise Residential (R-MR) zoning supports a range of housing options, including multiple-unit residential, townhouses, rowhouses and assisted-living or residential-care facilities. Conditional uses include ground-floor retail or office space in conjunction with a multiple-unit development. With approximately one acre, exceptional visibility and a strategic corner location, 160162 Trites Road offers the opportunity to generate value from the existing building while exploring the sites longer-term development potential as Riverviews west end continues to grow. Development possibilities are subject to municipal requirements and approvals. (id:66946)