One of the best development sites in the city. Approximately 30,000 sq ft of vacant land that developers may envision a large RA9/RA8 6 storey midrise apartment/condo building, or a smaller scale RA7 townhouse style project!!!! Valued at a very reasonable ~$100.00/sq foot (similar land projects currently priced/sold $130-140/sqft) - located on a quiet tree lined street, yet less than 400m (or a 90 second walk!!) from new LRT stop on the Valley line LRT. Approximately 30,000 square feet of land - the combination of 4 lots ( each lot is ~58' wide x ~140' deep - 4 titles). Currently there are 8 dilapidated 1/2 duplex residences, that are currently rented month to month at approximately $1000/month each(2 vacant). Each 1/2 duplex is; ~1000 sq ft above grade,3 bedrooms/1 bathroom,full basements. The currently duplexes are not salvageable for renovation and best option is infill. Potential for JV of 100 unit (2bdr/2bath) building which would have a value of ~$30M, and a build price of ~$15M.
We initially called Patti for a property near UA she listed. Then we ended up let her to help my daughter to get her first apartment near UA. She provided excellent professional service with patience to show various available properties we're looking for. We ended up buying the first apartment for my daughter - she loves. Yes. I'd recommend Patti's buying service.
- Wei Sheng