1037 Middle Road Kingston, Ontario K7L 4V3

$599,900

ATTENTION INVESTORS Exceptionally rare find: TWO x 3 Bedroom Homes on one sprawling 2.6-acre corner lot in the City of Kingston, with possible Development potential for Lot Creation of new 250ft wide x One (1) Acre Building Lot on Butternut Creek Rd next to Butternut Creek Estate Subdivision & other Executive Neighbourhoods such as Ironwood Rd and Grousewood Lane. Currently priced as it sits (ie. no severance) for $599,900, not only would the new owner be the proud owner of TWO separate legal dwellings, if a severance was ultimately approved, this would simply be a bonus. See existing driveway on Butternut Creek Rd positioned at the centre of possible lot. Lot would be desirable as it's relatively private, tree-lined and level. Close to all east end amenities, CFB Kingston, Hwy 401, Downtown Kingston, Queen's University, Kingston General Hospital. The original 3-bed, 1-bath brick farmhouse (c.1910) exudes rustic charm with exposed brick walls and vintage character. Connected by a breezeway, the second dwelling (c.1974) is a 3-bed, 1-bath home with its own entrance and a massive 2-car garage. Both homes are on private well and septic, with two driveways, separate hydro meters, and potential for dual income or extended family living. Zoned A1-54 and designated "Rural" in the City of Kingston's Official Plan. Updates needed, but loads of potential for live/rent, multi-generational living, Airbnb, or future redevelopment. Property Information Package on file with Projected Financials. Renovation estimates can be available upon request. Easy to view. Flexible Closing. (id:28469)

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