Rare opportunity for redevelopment in the heart of Marda Loop. The city has modified the zoning to MU-1 with 16.0 m height and 3 FAR. This lot has a 62-foot frontage and is 19.04 x 33.99. The East lot next door 2224 is also being marketed for sale, with a 62-foot frontage and is 18.9 x 34.0. Very unique for a combination of this lot size totaling +/- 13,949 square feet. There is a possibility of 3 to 4 lot assembly, equaling +/- 26,000 square feet, leaving various opportunities for development. The builder has 2 DP’s CU-1 and a MU-1 concept for design on this property. Environmental study report was completed with a clean bill of health and no issues for developers. Building services were accommodated by current sewer and water availability (no upgrade in the street) and Hydro was underground to building. The current MU-1 zoning design option has a 16m building height as noted above. The possibility of 3 to 4 lot assembly, up to +/- 26,000 square feet, will allow for increased design flexibility and opportunity.
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