Yoki & Jeff Nichol

  • $899,000
  • $899,000
  • Detached, Residential
  • Property Type
  • A2219804
  • MLS #
  • 4
  • Bedrooms
  • 4
  • Bathrooms
  • 1980.22
  • Sq Ft
  • 1958
  • Year Built

Description

ATTENTION DEVELOPERS & INVESTORS: Exceptional opportunity in sought-after Cambrian Heights! This RCG corner lot comes complete with a Development Permit (DP) package for a 4-unit, 3-storey townhouse project—each with legal basement suites. Ideally located off a major thoroughfare with convenient back alley access and close to multiple transit routes. Currently on the property is an expansive 1,980.22 sq. ft. mid-century bungalow, a former Phase 2 Cambrian Heights show home, offering 3,529 sq. ft. of total developed space. The main level boasts one of the largest kitchens we’ve seen in a bungalow of this era, with a spacious and light-filled living and dining area. Original oak hardwood flooring throughout, complemented by ceramic tile in the kitchen. The main floor includes 3 generously sized bedrooms and a large bathroom with a jetted tub. Downstairs features two illegal suites, each with private entrances: A 1-bedroom + den walkout suite with full kitchen, bath, and hardwood flooring. A recently refinished bachelor suite with full kitchenette, bathroom, and new hardwood floors. In total, the home offers 5 bedrooms + den and 4 full bathrooms, making it ideal for strong cash-flow potential. Estimated rental income could easily reach $5,000/month+, offering the ability to carry holding costs while preparing for development. This is a rare and unique property that won’t last in today’s market. Act quickly to secure your piece of Cambrian Heights!

Additional Details

  • Property ID A2219804
  • Price $899,000
  • Property Size 1980.22 Sq Ft
  • Land Area 0.16 Acres
  • Bedrooms 4
  • Bathrooms 4
  • Garage 1
  • Year Built 1958
  • Property Status Active
  • Property Type Detached, Residential
  • PropertySubType Detached
  • Subdivision Cambrian Heights
  • Interior Features Jetted Tub,Open Floorplan,Vinyl Windows
  • Exterior Features Garden
  • Appliances Dishwasher,Refrigerator,Stove(s),Washer/Dryer
  • Style Bungalow
  • Heating Forced Air
  • Cooling None
  • Zone R-CG
  • Basement Type Separate/Exterior Entry,Finished,Full,Walk-Out To Grade
  • Parking Off Street,Single Garage Attached
  • Days On Market 53
  • Construction Materials Brick,Wood Frame,Wood Siding
  • Roof Asphalt Shingle
  • Half Baths 0
  • Flooring Ceramic Tile,Hardwood
  • Garage Spaces 1
  • LotSize SquareFeet 6856
  • Lot Features Back Lane,Corner Lot
  • Community Features Park,Playground,Schools Nearby,Shopping Nearby,Walking/Bike Paths
  • PatioAndPorch Features Balcony(s),Deck
Yoki Nichol
Call 403-852-1992