This incredible property offers a rare development opportunity, having recently been rezoned from MF1 to MF2, making it ideal for constructing 3-storey townhomes. The seller has multiple site analysis plans and renderings available, showcasing conceptual options for a 7, 8, or even 10-townhome development, with each unit designed at approximately 2,000 square feet. Tucked away from throughway traffic, the property enjoys the tranquility of a peaceful neighborhood while offering convenient walking access to Springfield Road. Whether you're a developer seeking your next project or an investor looking for a property with significant upside, this location strikes the perfect balance between privacy and accessibility. This is an unparalleled opportunity to develop a centrally located site with multiple options to fit your investment strategy. Don't miss out on the chance to create something truly remarkable in this growing area! (id:2493)
Data was last updated February 17, 2025 at 06:45 PM (UTC)
Area Statistics
Listings on market:
59
Avg list price:
$849,999
Min list price:
$249,000
Max list price:
$2,999,000
Avg days on market:
63
Min days on market:
3
Max days on market:
377
Avg price per sq.ft.:
$447.37
These statistics are generated based on the current listing's property type
and located in
Rutland South. Average values are
derived using median calculations.
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