For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,545,000
Property Type Single Family Home
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40598878
Annual Tax Amount $7,423
Lot Size 0.481 Acres
Property Description
Even though the "official" frintage shows as 100', the northernmost 31' of the lot has already had a 10' street widening allowance taken by the City. If any development work is done on the property, the City will take that same 10' allowance off the remaing property, resuliting a rectangular property measuring 131' (frintage) x 160' depth. This property is currently occupied by a 1980 sq. ft. bungalow built in 1955, but extensively renovated under the supervisions of architects in 2006. The dwelling is in excellent condition, but the opportunity exists for redevelopment of the property given the ideal location and size of the lot. The owners have a confirmation that and municipal services are adequate in size to handle a multi-residential structure. What makes the property even more attractive is that the adjoining property at 306 Edinburgh Rd. S. is also available making the entire area 0.85 acres (after the road widening allowance has been taken off). There have been several discussions with City of Guelph staff relating to the best and highest use of this property. There are detailed drawings and site plans available for the various proposals.
Location
Province ON
County Wellington
Area City Of Guelph
Zoning R.1B (RL.1)
Rooms
Kitchen 0
Exterior
Fence Fence - Partial
Utilities Available Cable Connected, Cell Service, Electricity Connected, Natural Gas Connected, Street Lights
Waterfront No
Building
Lot Description Urban, Irregular Lot, City Lot, Highway Access, Public Transit, Schools
Sewer Sewer (Municipal)
Water Municipal-Metered
New Construction No
Schools
Elementary Schools Priory Park (Ps); John Mccrae (Fi); St. Francis (Cs)
High Schools Centennial (Cvi); Our Lady Of Lourdes (Chs)
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP