ATTENTION DEVELOPERS & INVESTORS: Exceptional opportunity 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! (id:51989)
Features of 185 Cornwallis Drive Nw
- MLS® Number A2219804
- Price $949,000
- Bedrooms: 4
- Bathrooms: 4
- Square Footage: 1980 sqft
- Property Type: House
- Neigbourhood: Cambrian Heights
- Community Name: Cambrian Heights
- Amenities Near By Park, Playground, Schools, Shopping
- Features Back Lane, Pvc Window
- Parking Space Total 1
- Plan 9043ha
- Structure Deck
Buildings
| Bathroom Total | 4 | Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 1 | Bedrooms Total | 4 |
| Appliances | Refrigerator, Dishwasher, Stove, Washer & Dryer | Architectural Style | Bungalow |
| Basement Development | Finished | Basement Features | Separate Entrance, Walk Out |
| Basement Type | Full (finished) | Constructed Date | 1958 |
| Construction Material | Wood Frame | Construction Style Attachment | Detached |
| Cooling Type | None | Exterior Finish | Brick, Wood Siding |
| Flooring Type | Ceramic Tile, Hardwood | Foundation Type | Poured Concrete |
| Heating Type | Forced Air | Stories Total | 1 |
| Size Interior | 1980 Sqft | Total Finished Area | 1980.22 Sqft |
| Type | House |
Parking
| Other | |
| Attached Garage | 1 |
Land
| Acreage | No | Fence Type | Partially Fenced |
| Land Amenities | Park, Playground, Schools, Shopping | Size Depth | 100 M |
| Size Frontage | 30.48 M | Size Irregular | 637.00 |
| Size Total | 637 M2|4,051 - 7,250 Sqft | Size Total Text | 637 M2|4,051 - 7,250 Sqft |
| Zoning Description | R-cg |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | 3pc Bathroom | 5.92 Ft x 5.08 Ft | ||
| Basement | 3pc Bathroom | 8.00 Ft x 4.92 Ft | ||
| Basement | 4pc Bathroom | 5.00 Ft x 8.42 Ft | ||
| Basement | Bedroom | 12.42 Ft x 14.83 Ft | ||
| Basement | Kitchen | 13.75 Ft x 7.25 Ft | ||
| Basement | Kitchen | 12.33 Ft x 13.33 Ft | ||
| Basement | Living Room | 12.92 Ft x 13.75 Ft | ||
| Basement | Office | 9.83 Ft x 13.50 Ft | ||
| Basement | Recreational, Games Room | 13.75 Ft x 12.75 Ft | ||
| Basement | Storage | 4.08 Ft x 3.25 Ft | ||
| Basement | Furnace | 16.33 Ft x 19.92 Ft | ||
| Main Level | 5pc Bathroom | 12.08 Ft x 5.50 Ft | ||
| Main Level | Bedroom | 14.08 Ft x 11.67 Ft | ||
| Main Level | Bedroom | 12.08 Ft x 10.33 Ft | ||
| Main Level | Dining Room | 12.58 Ft x 16.17 Ft | ||
| Main Level | Foyer | 10.25 Ft x 6.17 Ft | ||
| Main Level | Kitchen | 16.75 Ft x 15.92 Ft | ||
| Main Level | Living Room | 18.92 Ft x 19.92 Ft | ||
| Main Level | Primary Bedroom | 14.17 Ft x 11.75 Ft | ||
| Main Level | Sunroom | 12.25 Ft x 19.50 Ft |
Agents and Offices
- Ramesh Verma
- Office: Real Estate Professionals Inc.
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