This Amazing Development Opportunity Located On The Main Beach Strip In Historical Crystal Beach Offers Existing Cmu2 Zoning That Allows For The Construction Of A 5 Storey Hotel / Hospitality Development. No Parking Required As The Property Is Within The Allowance Distance To Public Parking. In Between Two Public Beach Access Points. Current Structure Possesses 4 Rental Units With Income, This Location Is Highly Desirable For Development And Has Been Evaluated By Turnkey Developments In A Consulting Capacity With A Rating Of Very High Development Potential And Very Low Barriers To Development. The Current Owner And Consultant Have Speculated On Guest Rooms, Commercial Kitchen, Roof Top Patio With Views Of The Lake And Roof Top Pool, With Valet / Concierge Services. This Is A Rare Opportunity In A Highly Desirable Tourist Area. Photos Are Artists Concept Only, And Will Require A Height Restriction Variance And Approved Building Permits.
* This payment calculator is intended for educational and planning purposes only. ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Information is provided in part by the IDX program of the Toronto MLS®. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.