Prime Development Opportunity: Adjacent Properties with Rental Income and Significant Development Potential
3 Adirondack Gate, Scarborough, ON, M1T 3E6
3843 Finch Ave E, Scarborough, ON, M1T 3G1
Unlock the potential of these two adjacent properties at 3 Adirondack Gate and 2843 Finch Ave E. The land sizes are generous, and measuring 60.06 ft x 125.18 ft and 60.07 ft x 125.20 ft, respectively.
Strategically located at 3 Adirondack Gate, the property boasts 5 parking spaces and yields a rental income of $3,850. Meanwhile, 2843 Finch Ave E, with its bungalow design and 5 parking spaces, generates a rental income of $2,700.
Excitingly, these properties hold significant development potential in line with the government's focus on increasing regional population density and enhancing public transportation infrastructure. With the ability to rebuild as a townhouse, envision the opportunity to create up to 12 units, and tapping into the evolving landscape of urban living. Don't miss out on this prime opportunity for both immediate rental income and future development prospects.
