4288 QUEEN Street

Beamsville, Ontario, L0R1B0, Canada

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.

EXTRAS: Visual exposure, Crushed stone driveway

Last updated on : Tuesday 14th of January 2025 02:27:04 PM

ADDRESS

Street : 4288 QUEEN Street

City : Beamsville

Province : Ontario

Country : Canada

Postal Code : L0R1B0

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PROPERTY SUMMARY

Property ID : 40690294

Property Type : Office

Parking : 15

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