Currently zoned N3 and identified in the City’s planning framework for Medium to High Density Residential, the site supports strong mid-rise or stacked townhouse potential (subject to approvals). Connected by pedestrian bridge across the Grand River to the Gaslight District, and steps to the University of Waterloo School of Architecture, Hamilton Family Theatre, Cambridge Farmers’ Market, and the Grand River trail system — this is true walkable urban living. The generous frontage and depth allow for efficient building massing and scale that could support a meaningful unit yield, while the existing 20+ unit structure provides holding income during planning and entitlement. Large-format, income-producing infill parcels of this calibre rarely come to market in the Downtown. (id:62650)