48
185 Cornwallis Drive NW
$869,000 Sale
Listed 2 hours ago
· 4
· 4
· 1
· 1980.22
Key Facts
Key facts for 185 Cornwallis Drive NW
Property Type
House, Bungalow
Parking
Off Street,Single Garage Attached , Off Street,Single Garage Attached 1 parking
MLS #
A2258677
Size
1980.22 sqft
Basement
Separate/Exterior Entry,Finished,Full,Walk-Out To Grade
Listed on
-
Lot size
-
Days on Market
-
Year Built
1958
Maintenance Fee
-
Description
ATTENTION DEVELOPERS & INVESTORS: Exceptional CORNER LOT in sought-after Cambrian Heights! This RCG corner lot comes complete with a Development Permit (DP) package for a 4-unit, 3-storey townhouse project—each with legal basement suites. Ideally located off a major thoroughfare with convenient back... alley access and close to multiple transit routes. Currently on the property is an expansive 1,980.22 sq. ft. mid-century bungalow, a former Phase 2 Cambrian Heights show home, offering 3,529 sq. ft. of total developed space. The main level boasts one of the largest kitchens we’ve seen in a bungalow of this era, with a spacious and light-filled living and dining area. Original oak hardwood flooring throughout, complemented by ceramic tile in the kitchen. The main floor includes 3 generously sized bedrooms and a large bathroom with a jetted tub. Downstairs features two illegal suites, each with private entrances: A 1-bedroom + den walkout suite with full kitchen, bath, and hardwood flooring. A recently refinished bachelor suite with full kitchenette, bathroom, and new hardwood floors. In total, the home offers 5 bedrooms + den and 4 full bathrooms, making it ideal for strong cash-flow potential. Estimated rental income could easily reach $5,000/month+, offering the ability to carry holding costs while preparing for development. This is a rare and unique property that won’t last in today’s market. Act quickly to secure your piece of Cambrian Heights!
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Courtesy of: Real Estate Professionals Inc.
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