1120 Ne 15th Ave

This is an exceptional opportunity to acquire a prime piece of land, perfectly situated just north of the highly sought-after Victoria Park area. With the potential to develop two luxury townhomes that are projected to sell between $2.5M-$3M ($1.25M-$1.5M/each). With increasing demand for modern, high-end townhomes in this coveted area, this is a rare chance eto create stunning residences that will appeal to discerning buyers. THE PROPERTY WAS JUST APPRAISED in late December for $700,000. Plans are 85% completed. The entire $32,500 balance to the architect has been paid in full and will be transferred over to the buyer along with all soil reports, arborist reports, engineer reports, etc. All of the pre-development costs have already been absorbed by the seller and will transfer to buyer.