129 MARGARET Avenue

About this home

A rare opportunity in one of Stoney Creek's quiet, established neighbourhoods! Custom-designed and built in 1979 for the original owners, this exceptionally solid and lovingly maintained home reflects true pride of ownership. Most major improvements were completed around 2008, while the roof, windows, exterior doors and garage doors remain in very good condition. Set on an impressive 86 x 175 ft lot and surrounded by attractive newer custom homes, the property offers outstanding possibilities. Buyers may explore severance into two approximately 43 x 175 ft building lots, subject to Committee of Adjustment and all municipal approvals. At roughly $450,000 per potential lot, the land value alone presents a compelling opportunity. The existing home also offers excellent multi-generational or investment potential, with the possibility of creating up to three independent living areas, each with its own entrance, subject to required permits and approvals. The partially finished basement has separate access through stairs from the garage. Estimated potential gross rental income could reach approximately $7,000 per month once properly configured and approved. Enjoy a peaceful setting close to schools, shopping, parks, Downtown Stoney Creek, Confederation GO Station and the Lake Ontario waterfront, with quick access to the QEW for easy travel toward Hamilton, Burlington, Toronto or Niagara. Live in it, rent it, renovate it, or explore the redevelopment potential-this is the kind of property that rarely comes to market. (id:66966)

Details

Type

Detached

Style

Other

Size

1700 sq ft

Basement

Partially finished, Full

Garage

Garage

Property tax

$6,266

Neighbourhood

Highway Valley/Dewitt

Municipality

Stoney Creek

Interior

Bedrooms

3 above ground + 1 below

Fireplace

No

Appliances

Washer, Refrigerator, Dishwasher, Stove, Dryer, Hood Fan, Garage door opener

Heating, cooling and services

Heating

Forced air, Natural gas

Air conditioning

Central air conditioning

Water and sewer

Municipal sewage system

Building and exterior

Foundation

Block

Outdoor

Brick Veneer

Parking

Total parking

6

Driveway and parking

Attached Garage

Rooms

Location

Location is approximate. See nearby homes on the map