Development Property

We have great news for you if you are a developer or investor!  1579 Gordon St along with 4 additional properties are available for sale.  Why is this such exciting news?  Very rarely will you find such a high profile group of properties all available for sale at the same time and located in an area where the City has already planned for re-development.

When investing or developing there is always the question of will it be difficult to rezone and how long will it take?  With these properties, there really isn’t a question of will the City support a re-zoning, only when.  An R4 mixed use zoning is the preferred designation which permits apartment buildings up to six stories.

What Can you Build?

On this assembled piece of land which is approximately 3.5 acres in total, the City would like to see a 6 storey apartment building along Gordon Street with townhouses or stacked townhouses behind.  The preferred plan for the back of the property (Dawn Ave) would be to remain as single detached homes. The City wants this street to maintain it’s current look and feel, however a compromise may be to build 6 detached dwellings on 50 foot lots.

The city has been proactive and created a document called the Urban Design Concept Plans for the Gordon Street Intensification Corridor.  In this document available on PDF here, you can read about the City’s plan and view examples of what type of properties they would like to see.  The particular location is used as an example on page 25 and 26.

Property Details:

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