837 Hodder Avenue, Thunder Bay

Golden Opportunity for an experienced developer.837 Hodder Avenue with approved Land severance and minor variances for 2 large 6-plexes is ready to turn your vision into reality . Important notes: - Land severance and minor variances have been approved for 2 large 6-plexes - Features shared driveway easement down the centre for efficient use of land and reduced capital - Final survey has been obtained but new parcels have not been registered on title yet - Maximum height has been increased to 11.0 meters to allow for 3 storeys above grade with gable-style roof (this is a big deal) -> higher return, required accessible units can be constructed at grade - COTB Engineering Sewer and Water Main Details to demonstrate ample capacity. Seller bought the land from the City by agreeing to Schedule A and Schedule C in the documents in addition to an accepted development proposal letter (Schedule B).Sale will be conditional on the City providing its consent a) to the sale of the property and b) to the Seller's solicitor removing the current Repurchase Agreement from the title.The Buyer is responsible of doing its own research in all aspects outlined in Schedule A,and also the eligibility of Housing Accelerate Funding through City Realty Services and/or City Planning Department. Information package is available through your Realtor.