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.) House well updated through PHAI remediation and rebuild including decks, mud room & fencing around large lot that is surrounded by forested area, residences & 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.
Virtual Tour: https://listings.insideoutmedia.ca/sites/djzwkev/unbranded
Last updated on : Thursday 24th of October 2024 12:18:59 AM
Street : 64 ALEXANDER STREET
City : Port Hope
Province : Ontario
Country : Canada
Postal Code : L1A1B3
Property ID : X8424350
Property Type : Vacant Land