64 Alexander St, Port Hope, L1A 1B3

Listing Overview

Description

Home buyers may be able to take advantage of the new CMHC opportunity for refinance of up to 90% of home value to create a secondary unit. Could transform to an income-generating investment ~ all at the lake's edge. Lakeview Residential House with Development Opportunity! Existing Raised Bungalow faces lake (currently Tenanted.) 2+2 BR Home well updated through PHAI remediation & rebuild including decks, mud room & fencing around large lot that is surrounded by forested area, residences & with lakeviews. An Application in Process to develop the site to add a Duplex in back to be accessed by ROW over existing driveway. Duplex will have private outdoor areas on each side. Planning Process underway: Concept Drawings, Conservation Consultation, Impact Studies, Town Planning etc. Owner to continue process but will sell at any stage in site development. Gain the benefit of the planning & development process completed by Seller or buy during the process (Price TBD based on progress at time of sale.) Location is sited on a residential street with recently renovated housing & Greenspace upgrades in process. Great investment at the lake's edge. Lovely views & nature walks at the waterfront nearby. A short stroll to boutique downtown Port Hope shops & restaurants & the Ganaraska Riverfront. VIA Commuter Train close by

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On Market

Land

Property Type

$4,497 / Year

Est. Taxes

Designated

Style

Residential

Business Type

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Franchise