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Key Facts
Key facts for 3250 GROVE Avenue
Property Type
House, 2-Storey
Parking
Detached 1.5 garage, 4 parking
MLS #
X8499757
Size
-
Basement
Unfinished
Listed on
2023-04-02
Lot size
242 x 266.71
Tax
$3,356.11 /yr
Days on Market
915
Approximate Age
51-99
Maintenance Fee
-
Description
Attention Developers! This exceptional property presents an incredible chance to capitalize on the highly sought-after location within the Thunder Bay area of Ridgeway. Boasting a collection of executive-style homes in its immediate vicinity, this land holds immense potential for future growth and p...rosperity. The true value lies mainly in the land itself, making it a dream investment for forward-thinking developers.
Situated on Grove and Parker, this expansive parcel offers the possibility of severing up to 3 building lots on Grove and an additional 4 lots on Parker. As an added advantage, the existing road concludes at the property's edge, granting exclusive access to potential residents. Moreover, the western side of the property gracefully fronts on an unopened road allowance, Gordon Ave, promising even more opportunities for expansion and development.
While the current dwelling on the property is in need of repairs, it is being offered "AS IS." With tenants currently in place, generating a monthly income of $1275, this investment holds immediate returns while you contemplate the future possibilities. Buyers are expected to conduct thorough due diligence to ascertain the suitability of the property for their development plans.
Don't miss out on this remarkable chance to secure prime real estate in the coveted Thunder Bay area. Act swiftly and seize the opportunity to shape this land into a thriving community of executive residences. Schedule a viewing today and unlock the untapped potential of this remarkable property!
