5 Bed Residential Freehold – 3033 Richmond Road, Britannia Heights - Queensway Terrace N and Area, ON

Property Description

Imagine all the possibilities! This Walk-out Duplex, with upcoming MS1 Zoning sits on an expansive footprint and provides endless possibilities for high-density redevelopment. Whether your long-term vision involves severing the land into multiple lots, constructing modern stacked townhomes, or developing a large multi-unit complex, this lot serves as a blank slate for significant capital appreciation and intensification. In the short term, the property offers an immediate and reliable income stream to offset all carrying costs. The existing large bungalow is intelligently configured with a three-bedroom, two full bathroom(including master ensuite) upper unit ($2,200/month), while a secondary unit featuring its own private walkout entrance (2-bed, 1-bath) currently brings in $1,600/month. The third unit (Non-Conforming) brings in an additional $650/month. This setup allows you to service the mortgage while you finalize architectural plans and navigate the permitting process for its next use. Beyond the land itself, the value is anchored by unparalleled connectivity; with close proximity to the LRT and rapid transit, plus immediate access to both the 417 and 416, you can be at Parliament Hill or escape the city limits within ten minutes. Buyers are to do their own due diligence with regard to future development. 24 hours irrevocable on all offers. 24 hours notice is required for all showings. 3 bedrooms/1 kitchen above grade, 2 bedrooms/2 kitchens below grade. Some photos are digitally enhanced.