Property Description for 325 FAIRVIEW Drive
High-traffic location with excellent exposure, this two-storey mixed-use property offers both immediate income and exciting future potential. Situated in an area zoned RHR-3 with a previous zoning of RHD-1, the property can be developed further for additional residential units or adapted entirely for residential use. The owner has received a decision from the city to allow for a larger general office on the main floor and extra permitted uses. The main level features two self-contained commercial units, each approximately 500 sq. ft., with individual heating, cooling, and a 2-piece powder room—perfect for attracting stable business tenants. Upstairs, a spacious 2-bedroom, 1-bathroom apartment spans 1,000 sqft., offering bright living areas, a functional layout, a private entrance and a large balcony. The property includes 11 parking spots for residents, customers, and deliveries, plus a single-car garage. With its combination of residential and commercial space, strong zoning flexibility, and a prominent location, this is an ideal choice for live-work use, rental income, or redevelopment. (id:38686)
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Property Details
Property Tax
: $7,400MLS® #
: 40760135
Home Features
Property Type
: MultiFamilySquare Footage
: 2,000 SQFTSubdivision
: 2012 - Fairview/Greenbrier
Interior Features
Heating
: Natural gasBasement
: None
Utilities
Sewer
: Municipal sewage system
Other
Parking Features
: Attached GarageExterior Features
: Brick, Aluminum siding
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