C$1,075,000

DEVELOPMENT POTENTIAL! Rare investment opportunity awaits in Cloverdale with this 7,600sqft rectangular lot, ideally suited for builders and investors. Capitalize on the existing 3-bed rancher, currently rented to reliable tenants at $2,300 per month, providing immediate income while you explore development options. Envision building a new three-level home, or with new SSMUH regulations, a duplex and a garden suite (Buyer to do own due diligence). Survey/Engineer's MBE Letter available to aid in your planning. This prime location in a high-demand area offers exceptional possibilities to maximize your investment in Cloverdale's real estate market. Please respect the tenant's privacy; do not disturb. Photos are not up-to-date. Photos contain footage showcasing the property's potential and does not reflect its current condition. Buyers are encouraged to verify the current condition of the property and its features through own inspection. (id:41202)