159 Cameron Ave

This Is Your Chance To Design And Build A Custom House That Reflects Your Unique Style And Needs. Don't Miss Out On This Exceptional Opportunity To Create Your Ideal Living Space Right Here In The Heart Of Scarborough.

Rare Opportunity! Large Lot In Highly Sought After Cliffcrest Neighbourhood. Legal Severance Granted For 60 Pine Ridge Dr. Multiple Options Available... Live In The Existing Home And Build A Luxury Detached Custom Homes Up To GFA 4225 SF. Sellers Prefer To Sell 58 & 60 Pine Ridge Dr Together. Lot Ready To Apply For Building Permit. Close To Great Schools Including St. Agatha CS, Fairmount PS, Cardinal Newman Catholic HS, R.H King Academy HS, Ttc, Go, Shop & More! Short Drive To DVP & 401.

ATTN All Builders & Investors: Rare Opportunity To Build Your Dream Home On A Prime Corner Lot At A High Demand Area In Scarborough On A 56.33 X 103.50 Ft Lot. The Dwelling On The Property Has Been Completely Demolished Except For The Concrete Foundation Walls. Zoning Approval, Survey Plan & Architect Drawings Are Available To Build 5000 Sq Ft Custom Home With 5+2 Bedrooms, 6 Washrooms, Basement With Separate Entrance, Dbl Garage, And / Or A Possible Change In The Zoning To Triplex / Fourplex Standard Condominium Units, Please Check With The City. Very Convenient Location, Walk To 24 Hrs TTC, Mts Away From Hwy 401, Walking Distance To Cedarbrae Mall, Restaurants, Grocery Stores, Close To Schools, Parks, 24 hrs Bus, Go Train Stn & All Amenities.

5 Units as-of-right (4 Plex + Garden Suite). Positive cash flow after 95% of costs mortgaged out on completion. Average unit size 1,182 sq. ft. - Individual Private Entrances for each Unit. Lot Area over 8100 sq. ft. - Pie shaped (rear lot line - 66.6, 158.3 deep). Severance & required variances completed. CMHC insured interest rate of 3.25% (projected - as of completion date). 45 year amortization (with 70 CMHC points). Total Development Charges None (credit available speak to LA). HST on completion or sale 100% Rebate. 6 car parking (including 2 garages, 2 tandem & 2 additional driveway spots)

5 Units as-of-right (4 Plex + Garden Suite). Positive cash flow after 95% of costs mortgaged out on completion. Average unit size 1,194 sq. ft. - Individual Private Entrances for each Unit. Lot Area over 8100 sq. ft. Pie shaped (rear lot line - 66.6, 158.3 deep). Severance & required variances completed. CMHC insured interest rate of 3.25% (projected - as of completion date). 45 year amortization (with 70 CMHC points). Total Development Charges None (credit available speak to LA). HST on completion or sale 100% Rebate. 6 car parking (including 2 garages, 2 tandem & 2 additional driveway spots)

Attention**Investors, Builders** Prime Location, Incredible Potential for Investment. **NOTE **This Property Being Sold UNDER POWER OF SALE, As Is, Where Is,

Attention Builders: Vacant Building Lot In Desirable Cliffcrest. Build For Spec Or Build Your Dream Home. Seller May Consider Vtb. Quiet Neighbours. Minutes Away To Scarborough Bluffs & Lake Ontario. Municipal Water & Sewers On Street.