269 ALBERT Street

About this property

Attention investors, builders and savvy parents! 269 Albert St. is one of the last sizeable lots with great frontage in this area that is developable on its own, with no land assembly required. Undeveloped parcels near the universities are few and far between, and most of what remains has already been bought up by developers for their own future projects. The value here is in the land, and the price is very attractive compared to recent sales of similar-size properties with comparable location and zoning. In the meantime, the existing 4-bedroom house works hard for you: rent it out and collect income until you’re ready to redevelop, or buy it for your son or daughter and their friends while they’re at school. Hold, rent, and watch your investment appreciate as development properties in this area become scarcer and harder to obtain. Opportunities with this proximity to the Universities are becoming fewer and more desirable as time goes by. (Supply and Demand) (id:66549)

Details

Bedrooms

4

Bathrooms

1

Size

1,412 sq ft

Property type

House

Stories

2

Parking spaces

5

Heating

Forced air, Natural gas

Neighbourhood

417 - Beechwood/University

Postal code

N2L3T7

MLS® Number

40876342

Status

For Sale

Features

• Garage

Location