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$1,249,000
Tecumseh
13231-33 Riverside Drive East, Tecumseh, Ontario, N8N2M7
This multi-family property in Tecumseh is for sale. It has been on the market 12 days, fresher than the Tecumseh average of 57 days.
RARE OPPORTUNITY ON PRESTIGOUS RIVERSIDE DR! Discover the incredible potential of this expansive 92 x 276 ft lot in a highly desirable location! Whether you're looking to build your dream home or explore an exciting investment opportunity, this exceptional property offers endless possibilities. Recently rezoned to permit a semi-detached home, the property also features two separate addresses, adding to its development appeal. The existing duplex is sold ""as is"" and has been largely gutted. It offers the potential to be rebuilt or removed to make way for your new vision. A demolition permit has already been paid for and is transferable to the Buyer. In addition, the Seller has approved the plans for a 6 plex project. Contact the listing Agent for details. Ideally situated close to schools, shopping, amenities, scenic walking trails and the beautiful waterfront. Don't miss this rare opportunity to secure a substantial piece of property on prestigious Riverside Drive! Buyer to conduct their own due diligence regarding the zoning, utilities, permitted uses, easements, demolition requirements, development potential and all necessary municipal approvals. Buyer enter the main floor only at their own risk. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 12 days on market, against an average age of 57 days across the listings currently for sale in this city
This multi-family in Tecumseh has been listed for 12 days, which is 45 days fresher than the city average of 57. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,249,000, about 11.6× the local median household income of $108,000.
Carrying it typically needs a household income of about $243,973 (20% down, 25-yr amortization, stress-tested) — roughly 126% above the area median.
Source: Statistics Canada, 2021 Census (FSA N8N)
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Loading rates, 30-yr amortization
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