ActiveFor Sale

1016 WATERDOWN Road
Burlington, Ontario, L7T1N3

Residential Commercial Mix
CREA
MLS® Number: 40855270
Estimated Value
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$2,950,000List Price
-Bedrooms
0Bathrooms
0Total Parking
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Current valuation for 1016-1018 WATERDOWN Road. Listed for $2,950,000

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Description

MXG-zoned development site measuring approximately 90' x 150', conveniently located on a bus route with easy access to major highways and within walking distance to Aldershot GO. Amenities are at your fingertips, whether heading up to Waterdown for shopping and services, exploring the Bruce Trail, or enjoying a relaxing outing at the Royal Botanical Gardens (RBG), LaSalle Park, or Hidden Valley Park. Currently the site of the Aldershot Farmers' Market, this property presents an excellent redevelopment opportunity with potential for an 11-storey building as-of-right, with the opportunity to seek additional height. A 29-storey development has received approval directly across the street, further highlighting the area's redevelopment potential. The properties previously contained single-family homes, and municipal services are already available to the site. There is also an opportunity to combine the property with a neighbouring parcel, potentially enlarging the development site to approximately 0.951 acres, with frontage on both Plains Road and Waterdown Road. (id:66360)

Features

Visual exposure

Amenities

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Summary

List Price:$2,950,000
MLS® Number:40855270
CREA Listing Key:30152069
Type:Residential Commercial Mix
Size:100,000 sq ft
Taxes:$6,284
Community:302 - Aldershot Central
Listing Brokerage:RE/MAX Escarpment Realty Inc.

Rooms

No room information available

Details

Property

Property Type:Residential Commercial Mix
Community:302 - Aldershot Central
Municipality:Burlington

Building

Size:100,000 sq ft

Inside

Basement:None

Utilities

Water Supply:Municipal water
Utility Sewer:Municipal sewage system

Land

Lot Size:0.311 acres
Zoning:H-MXG-534
Directions:NW CORNER OF PLAINS RD AND WATERDOWN ROAD

$2,950,000

List price