98 Olive Avenue, Central

Description

PROJECT ALERT!!! Shovel Ready Townhouse Site. Infill Lot Approved for Five Townhouses, Four fronting on Court Street with Front Parking and End Unit with Two-Car Parking off of Olive Avenue. In September 2023 the property was granted several minor variances under City file # A-2023-89 The notice of Decision is attached to listing. Architect Plans attached are not permit approved, but sample of what could be built. This provides permissions for all the deficiencies noted on the site plan drawing. The next steps in the process is as follows: Complete the permit drawings, apply for building permits, and go to construction. Once the foundations are complete, the applicant will need to complete the part lot control process. This will then divide the property into 5 individual saleable townhouses. Shovel Ready sites are hard to find. Townhouses could also be kept as rentals. Site is across the road from Cowan Park and backs onto Michael Starr Trail. Site will be less then 1000 feet down the trail to the Newly Proposed Metrolinx GO Station and a short walk to Downtown. Great opportunity, site has been cleared of previous home and ready to go. Zoning allows for Towns, Apartment, Duplex, Triplex, etc. Get in on the Ground Floor in this Area as it is set to boom with Official Plans moving towards allowing major density around the proposed Metrolinx Transit Hub.