4288 Queen Street Beamsville, Ontario L0R 1B0
$1
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:47351)
Property Details
| MLS® Number | 40690294 |
| Property Type | Office |
| AmenitiesNearBy | Schools |
| Features | Visual Exposure, Crushed Stone Driveway |
| ParkingSpaceTotal | 15 |
Building
| BasementType | Partial |
| ConstructionMaterial | Wood Frame |
| ExteriorFinish | Aluminum Siding, Vinyl Siding, Wood |
| FoundationType | Stone |
| StoriesTotal | 2 |
| SizeExterior | 2400.0000 |
| SizeInterior | 2400 Sqft |
| UtilityWater | Municipal Water |
Parking
| Detached Garage |
Land
| AccessType | Highway Access |
| Acreage | No |
| LandAmenities | Schools |
| Sewer | Municipal Sewage System |
| SizeDepth | 163 Ft |
| SizeFrontage | 103 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Gc - Cbd |
Utilities
| Electricity | Available |
https://www.realtor.ca/real-estate/27800800/4288-queen-street-beamsville
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January 14 2025 07:27:04
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Homelife Professionals Realty Inc.