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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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| Bedrooms: | 3 |
| Bathroom: | 1 |
| Listing Type: | House/Single Family |
| Sqft | 2,434 |
| Lot Size | 11,254 |
| Built: | 1949 |
| Price: | $1,500,000 |
| Listed By: | Nu Stream Realty Inc. |
| MLS: | R2519556 |
Description
Excellent investment opportunity. Large lot, 11,254 sq, build now, 5600 sf house or hold out for big $$$ from a Townhouse developer. Huge 1/4 acre lot with functioning 3 bedroom house and huge shop (fits 6 cars!) Currently rented to a great long term tenant. Entire block will be rezoned to RM-30 allowing for a townhouse development. Phase 1 (75 unit) Townhouse complex is already in the works, this lot will be a KEY part to the future phase 2 (additional 74 unit) Townhouse complex.Great investment opportunity.Sold is as where is, buyer assume tenant.
Taxes (2020): $3,052.59
Amenities
None
