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55' x 122' R-CG CORNER LOT WITH REAR LANE ACCESS, LEGAL SECONDARY SUITE, AND STRONG REVENUE POTENTIAL! This property is excluded from the repeal of the city wide rezoning. Prime inner-city redevelopment opportunity in an area experiencing significant revitalization, with numerous multi-unit projects completed and underway on similar-sized parcels. Located just one block from International Avenue and close to shopping, schools, transit, and other amenities, this property offers exceptional future development potential while generating strong rental income today. Previously generating $4,265 per month in rental income (including garage rental and utilities), this is a rare opportunity to secure a redevelopment site with immediate cash flow.This extensively updated property features 5 bedrooms, 2.5 bathrooms, and a LEGAL secondary suite, making it an attractive income-producing asset while future plans are explored.The main floor offers 3 bedrooms and 1.5 bathrooms, including a private primary bedroom with its own ensuite, separated from the additional bedrooms for added privacy. Hardwood flooring, built-in shelving, eight closets, a balcony off the living room, and a spacious bathroom featuring a horseshoe-shaped vanity with abundant storage provide excellent functionality for owners or tenants alike.The lower level features a bright LEGAL 2-bedroom suite with large windows throughout, oversized bedrooms with built-in desks, a full bathroom, and a renovated kitchen complete with a full appliance package, ample counter space, and abundant cabinetry. Shared laundry and additional storage are conveniently located in the common area, while the utility room is protected by a sprinkler system.Outside, the property includes an oversized heated double detached garage, driveway parking for two additional vehicles, a large fenced yard, mature trees, storage shed, and concrete patio.Major updates include windows and patio doors (2017-2022), lower suite kitchen (2018), furn ace and hot water tank (2019), main floor bathroom renovations (2020), lower suite bathroom renovation (2022), garage door (2022), vinyl plank flooring in the lower suite (2017), and more.Whether you're an investor seeking strong cash flow, a developer looking for your next project, or a buyer wanting both income and future upside, this well-maintained property offers exceptional value in a rapidly evolving inner-city location. (id:37074)
| MLS® Number | A2288676 |
| Property Type | Single Family |
| Neigbourhood | Forest Lawn - Forest Heights |
| Community Name | Forest Lawn |
| Amenities Near By | Park, Playground, Recreation Nearby, Schools, Shopping, Water Nearby |
| Community Features | Lake Privileges, Fishing |
| Features | Treed, Back Lane, Pvc Window, Closet Organizers |
| Parking Space Total | 4 |
| Plan | 5882ab |
| Structure | Shed |
| Concrete | |
| Detached Garage | 2 |
| Garage | |
| Heated Garage | |
| Oversize |
| Bathroom Total | 3 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 5 |
| Appliances | Washer, Dryer, Window Coverings, Garage Door Opener |
| Architectural Style | Bungalow |
| Basement Development | Finished |
| Basement Features | Separate Entrance, Suite |
| Basement Type | Full (finished) |
| Constructed Date | 1967 |
| Construction Material | Wood Frame |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Stucco |
| Fire Protection | Smoke Detectors |
| Flooring Type | Carpeted, Ceramic Tile, Hardwood, Vinyl |
| Foundation Type | Poured Concrete |
| Half Bath Total | 1 |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1,249 Ft2 |
| Total Finished Area | 1248.65 Sqft |
| Type | House |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Furnace | 14.92 Ft x 15.00 Ft | ||
| Main Level | 2pc Bathroom | 4.08 Ft x 5.58 Ft | ||
| Main Level | 4pc Bathroom | 9.67 Ft x 8.42 Ft | ||
| Main Level | Bedroom | 15.33 Ft x 8.92 Ft | ||
| Main Level | Bedroom | 9.67 Ft x 10.50 Ft | ||
| Main Level | Dining Room | 9.33 Ft x 6.75 Ft | ||
| Main Level | Kitchen | 9.08 Ft x 8.50 Ft | ||
| Main Level | Living Room | 18.00 Ft x 17.92 Ft | ||
| Main Level | Primary Bedroom | 15.33 Ft x 9.00 Ft | ||
| Unknown | 4pc Bathroom | 10.50 Ft x 6.25 Ft | ||
| Unknown | Primary Bedroom | 13.00 Ft x 14.33 Ft | ||
| Unknown | Bedroom | 14.50 Ft x 11.00 Ft | ||
| Unknown | Dining Room | 7.50 Ft x 5.75 Ft | ||
| Unknown | Kitchen | 13.00 Ft x 10.50 Ft | ||
| Unknown | Living Room | 15.08 Ft x 17.58 Ft |
| Acreage | No |
| Fence Type | Fence |
| Land Amenities | Park, Playground, Recreation Nearby, Schools, Shopping, Water Nearby |
| Landscape Features | Fruit Trees, Landscaped, Lawn |
| Size Depth | 36.59 M |
| Size Frontage | 16.76 M |
| Size Irregular | 613.00 |
| Size Total | 613 M2|4,051 - 7,250 Sqft |
| Size Total Text | 613 M2|4,051 - 7,250 Sqft |
| Zoning Description | R-cg |
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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by CREA®. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
