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201 CANBORO Road

Fonthill

$999,000
MLS Number: 40104521
8 Bed 0 Bath

Description:

BUILD YOUR DREAM OR STAY A WHILE! TRIPLE BANG FOR YOUR BUCK IN THIS VERY UNIQUE, GRANDFATHERED PROPERTY WITH THREE LEGAL NON-CONFORMING, YES THREE, SMALL COTTAGE-STYLE HOMES AND A DETACHED DOUBLE GARAGE. THIS PROPERTY HAS BEEN IN THE MULTI-GENERATIONAL FAMILY SINCE MAY 10, 1939 WHEN IT WAS PURCHASED FOR A WHOPPING $285, FOLLOWING WHICH THE PRINCIPLE RESIDENCE AT 201 CANBORO WAS BUILT FOR THE OWNER AND SOON AFTER, THE TWO COTTAGES (203 & 205) WERE BUILT FOR NIGHTLY RENTALS THAT INCLUDED AN INDOOR DANCE FLOOR AND SODA BAR. THE 203 & 205 CANBORO BUNGALOWS ARE CURRENTLY TENANTED WITH RESPECTIVELY, 546 AND 1010 SQUARE FEET OF SPACE & $509.31 & $717 RENTS. 201 CANBORO (2-STOREY) IS 1273 SQ FT. THIS PROPERTY IS SPLIT-ZONED (APPROX. 50%) WITH AGRICULTURAL ON THE WEST & RESIDENTIAL (R2) ON THE EAST. NEW-BUILD PLANS REQUIRING DEMOLITION PERMITS WOULD ALLOW EITHER ONE RESIDENCE, OR THREE RESIDENCES OF THE SAME FOOTPRINT AND SCALE AS EXISTING. PROSPECTIVE BUYERS SHOULD CONDUCT THEIR OWN DUE DILIGENCE REGARDING THIS PROPERTY.

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Property Details
Status: For Sale
Address: 201 CANBORO Road, Fonthill, L0S 1M0
MLS: 40104521
Lot Size: 203.00 x 488.00
Age: 1920
Heating Fuel: Forced Air,Gas,Gas Hot Water
Cooling: None
Water: Municipal
Floor Space: 0
Lot Size: 203.00 x 488.00
Map

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