5 bed
4 bath
3,190 sqft
Single Family Residence
Built in 1960
9,477 sqft lot
7 parking
2 fireplaces
Freehold NonStrata
RA zone
Public remarks
DEVELOPMENT POTENTIAL South Newton Development Opportunity – Plans Ready for 36-Unit Building Across 2 Lots (One Lot for Sale) This is a rare chance for a small-scale or first-time developer to step into a ready-to-build project with low overhead and high potential. One owner selling a 9,463 sqft lot, but this property comes with plans in place for a 36-unit, 4-storey building that spans this lot and the adjacent one (assembly discussions in progress or opportunity to acquire next door). Located in the South Newton Neighbourhood Concept Plan, the site is already surrounded by established townhouse and multifamily developments — the path is paved. Key Details: Townhouse designation (up to 25 U.P.A.) Plans for 36-unit building covering this lot + adjacent property.
Private remarks
Existing home generates approx. $6,200/month in rental income. Renovated kitchen, and finished basement with separate entry. Private fenced yard with 3 decks (1 fully covered) Buy now, build later, or negotiate to complete the assembly. Bring all offers
Buyer agency compensation
3.25% on first 100k and 1.16% on balance of purchase price
$2,499,900 ($783/sqft)
Active
Listed
05/20/2025
Expiry date
Original price
Gross taxes (2021)
$4,379.59
Property transfer tax
$52,997.00
Last Updated: 05/26/2025 04:10 PM
Courtesy of Sarbat Real Estate Services Ltd.
| Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
|---|---|---|---|---|---|---|---|---|
| 14339 60 Avenue | R3004326 | 05/26/2025 04:10 PM | 05/20/2025 | Active | $2,499,900 | Login to view | Mandeep Rai PREC* | Sarbat Real Estate Services Ltd. |