64 Alexander Street Port Hope, Ontario L1A 1B3

$839,000

Home buyers may be able to take advantage of the new CMHC opportunity for refinance of up to 90% of home value to create a secondary unit. Could transform to an income-generating investment ~ all at the lake's edge. Lakeview Residential House with Development Opportunity! Existing Raised Bungalow faces lake (currently Tenanted.) 2+2 BR Home well updated through PHAI remediation & rebuild including decks, mud room & fencing around large lot that is surrounded by forested area, residences & with lakeviews. An Application in Process to develop the site to add a Duplex in back to be accessed by ROW over existing driveway. Duplex will have private outdoor areas on each side. Planning Process underway: Concept Drawings, Conservation Consultation, Impact Studies, Town Planning etc. Owner to continue process but will sell at any stage in site development. Gain the benefit of the planning & development process completed by Seller or buy during the process (Price TBD based on progress at time of sale.) Location is sited on a residential street with recently renovated housing & Greenspace upgrades in process. Great investment at the lake's edge. Lovely views & nature walks at the waterfront nearby. A short stroll to boutique downtown Port Hope shops & restaurants & the Ganaraska Riverfront. VIA Commuter Train close by **** EXTRAS **** Raised Bungalow Windows. Newly built Decks, Sunroom, Mudroom, Fence. Ample living space. Big windows. Tenanted property. Added Duplex is a concept only. Application in process for Duplex but not approved yet. Studies to be completed. (id:47351)

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https://www.realtor.ca/real-estate/27019509/64-alexander-street-port-hope-port-hope