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Don't Miss This Rare Opportunity To Build income rental property. will be Sale together with 1970 Brimley rd LOT . 2 lot can be build 10-unit rental apartment total 38 rooms. Comply with CMHC mortgage policy.Please see the attached surveys and reference plans. This 38' x 159' Severed Lot Is Conveniently Located To Nearby Amenities And Attractions. This Well Mainted Lot is Leveled and Features Access to Sewers, Municipal Water And Utility Lines. TTC At Door Step. Walking Distance To school Scarborough Town Centre. Easy Access to Hwy 401.the main building's Building permit (four units )have been obtained, for the garden house's building permit is currently being updated. 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Seize This Exceptional Investment Opportunity: A Future Fourplex Paired With a Stunning Garden Suite, Situated on the Treed Lot of 50*159 Ft, Offering Up to 23 Bedrooms Perfect for Maximizing Rental Income and Long-Term Growth Potential! Fantastic Location! Walk to Brian Public School (French Immersion) With a Pathway to York Mills Collegiate. Close to Highways 404/401, 20 Mins to Downtown, and Minutes to Fairview Mall Subway. 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This strategic land assembly at 309 & 311 Hawthorn Street offers a fully approved development plan for a modern 6-storey multi-unit apartment building with 55 residential units, perfectly positioned to capitalize on the strong student and rental market demand.\n\nDevelopment Highlights:\n• Approved Site Plan: Site Plan Application (SPA) formally submitted to the City of Waterloo on April 11, 2025\n\n• Comprehensive Package: Includes all drawings and reports required for city permits\n\n• Prime Location: Short walk to Wilfrid Laurier University, minutes to University of Waterloo\n\n• Excellent Transit Access: Close to Grand River transit stops with easy access to Uptown Waterloo and commercial centers\n\nProject Specifications:\n• 6-storey apartment building with 55 residential dwelling units\n\n• 80 bedrooms total capacity\n\n• 22 vehicle parking spaces + 38 bicycle parking spaces\n\n• Zoning: RN-6 (appropriate for proposed development)\n\n• Lot Size: 111' frontage x 145' depth (approximately 134.81' x 111.14' x 156.4' x 111.39')\n\nProperty Details:\n• Total Combined Assessment: $1,001,000 (2024)\n\n• Combined Property Taxes: $13,703.77 (2024)\n\n• Lot Area: 2,544 sq. ft.\n\n• Current Structures: Two single detached houses (to be demolished for new development)\n\nInvestment Advantages:\n• Pre-Approved Development: Significant time and cost savings with already submitted SPA\n\n• Strong Rental Market: Prime location serving two major universities with constant rental demand\n\n• Growth Potential: Waterloo's ongoing expansion and development momentum\n\n• Turn-Key Opportunity: All preliminary planning work completed\n\nLocation Benefits:\n• Walk Score: Excellent - steps to King Street amenities\n\n• University Proximity: Wilfrid Laurier University and University of Waterloo\n\n• Transit Connectivity: Multiple Grand River transit routes\n\n• Community Access: Close to recreation and community centers\n\nThis is a rare opportunity to acquire a development-ready property in one of Waterloo's most sought-after locations. 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