28018.43 sqft
$3,500,000
This property is located next to King City GO Station, making it a perfect location for commuters. It has been zoned F, allowing for a variety of uses as outlined in the Official Plan. These include mixed-use buildings, medium and higher-density residential uses, live-work dwellings, commercial uses, offices, institutional uses, parking structures, public uses, rail infrastructure and transit facilities, and other accessory uses. New buildings must have a minimum of two functional storeys and a maximum of four storeys, although heights up to six storeys may be considered under certain conditions. The proposed floor space index is 2.5. This presents an exceptional opportunity to create a vibrant, transit-oriented community in the Transit Station Area. The property's location adjacent to the Metrolink parking area, along with the flexibility provided by the Official Plan, makes it a highly attractive site for a successful and sustainable development project. **** EXTRAS **** THERE IS OLD HOUSE ON THE PROPERTY BUT THE MAIN VALUE IS THE DEVELOPMENT POTENTIAL. (id:53661)
Property Details
MLS® Number
|
N8334396 |
Property Type
|
Vacant Land |
Community Name
|
King City |
Building
Size Interior
|
28018.43 Sqft |
Utility Water
|
Municipal Water |
Land
Acreage
|
No |
Size Depth
|
257 Ft |
Size Frontage
|
108 Ft |
Size Irregular
|
108.95 X 257.31 Ft |
Size Total Text
|
108.95 X 257.31 Ft |
Zoning Description
|
Zonned \"f\" Transit Station Area Destin |