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    For Sale - 3033 Richmond Road, Britannia Heights - Queensway Terrace N and Area, Ontario

    Est payment $3,842/mo
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    Time on Jump  8 day

    AI Summary *

    • Expansive duplex lot with MS1 Zoning for high-density redevelopment options.
    • Current units generate reliable income to cover carrying costs.
    • Three-bedroom upper unit and two-bedroom lower unit with private entrance.
    • Excellent connectivity to LRT, rapid transit, and major highways.
    • Versatile space ideal for long-term development plans and capital appreciation.




    Imagine all the possibilities! This walk-out duplex, with upcoming ms1 zoning sits on an expansive footprint and provides endless possibilities for high-density redevelopment. Whether your long-term vision involves severing the land into multiple lots, constructing modern stacked townhomes, or developing a large multi-unit complex, this lot serves as a blank slate for significant capital appreciation and intensification. In the short term, the property offers an immediate and reliable income stream to offset all carrying costs. The existing large bungalow is intelligently configured with a three-bedroom, two full bathroom(including master ensuite) upper unit ($2,200/month), while a secondary unit featuring its own private walkout entrance (2-bed, 1-bath) currently brings in $1,600/month. The third unit (non-conforming) brings in an additional $650/month. This setup allows you to service the mortgage while you finalize architectural plans and navigate the permitting process for its next use. Beyond the land itself, the value is anchored by unparalleled connectivity; with close proximity to the lrt and rapid transit, plus immediate access to both the 417 and 416, you can be at parliament hill or escape the city limits within ten minutes. Buyers are to do their own due diligence with regard to future development. 24 hours irrevocable on all offers. 24 hours notice is required for all showings. 3 bedrooms/1 kitchen above grade, 2 bedrooms/2 kitchens below grade. Some photos are digitally enhanced.
    Listing IDX13106034
    Address3033 Richmond Road
    CityBritannia Heights - Queensway Terrace N …
    Price$799,999
    Bed / Bath5 / 4 Full
    StyleBungalow, Duplex
    ConstructionBrick
    Land Size0.277
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features Primary Bedroom - Main Floor, Separate Hydro MeterAmenities Level, Park, Public Transit, Rec./Commun.CentreOwnership FreeholdBasement Apartment, FullFoundation BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 5.00
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    Listing Agency:  BENNETT PROPERTY SHOP REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    3033 Richmond Road
    Britannia Heights - Queensway Terrace N and Area , Ontario
    5 4 $799,999
    Get more info