527 6th Street Humboldt, Saskatchewan S0K 2A0

$64,900

Investor / Development Opportunity – Downtown Humboldt Attention builders, investors, and developers — this is a rare opportunity to acquire an ideally located R3-zoned property in the heart of Humboldt with exceptional redevelopment potential. This 50’ x 131’ lot offers a highly functional layout with the unique advantage of alley access along the side AND rear of the property, creating excellent flexibility for future site planning, parking access, garage placement, or multifamily development design. Why This Property Stands Out • R3 Zoning — strong potential for multifamily residential redevelopment • Prime downtown location close to amenities and services • Dual alley access is extremely rare and highly practical for development • Flat rectangular lot with efficient dimensions • Excellent opportunity for: o Duplex o Fourplex o Row-style housing o Revenue property development Opportunities for affordably priced multifamily-zoned lots in established downtown locations are becoming increasingly difficult to find. For the right buyer with vision, this property offers a chance to create new housing inventory in a growing Saskatchewan community with record high demand. Disclosure: The existing structure on the property has been vacant for many years and is likely economically beyond repair. The property is being sold AS-IS for land value and redevelopment potential only. Buyers should expect the existing building to require demolition. Discussion with the city has deferred demolition order to allow an opportunity for sale and redevelopment plan. Buyer to perform their own due diligence regarding zoning, permitted uses, demolition requirements, servicing, and redevelopment plans. (id:51699)

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https://www.realtor.ca/real-estate/29776114/527-6th-street-humboldt