3342 Westerwald St

Discover a prime development opportunity in Fairview, ideally situated just off the intersection of Dutch Village Road and Joseph Howe Drive. This location offers exceptional accessibility, being only 300 meters from Highway 102 and a mere 4-minute drive to the MacKay bridge. An architect's capacity study has outlined the potential for constructing an 80-unit building with a gross floor area of 80,252 square feet. This 7-storey (20 meter high) structure would feature 52 one-bedroom and 28 two-bedroom units, along with underground parking and the required amenity space. (See the site plan in photos.) Currently consisting of 3 single family homes, the property spans 23,862 square feet, covering three separate parcels with C2C zoning, allowing for a commercial element in your building. Westerwald Street provides a quieter environment just off the main thoroughfare, ensuring high demand for rental or purchase units once completed. With the city's ongoing height restriction increases, purchasing today offers the potential for greater density in the future. Contact your real estate professional now to explore this incredible opportunity. (id:54626)