129 Margaret Avenue Stoney Creek, ON L8G 3G7
4 Beds
2 Baths
1,700 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,700 sqft
Price per Sqft $558
MLS Listing ID 40851161
Style Backsplit
Bedrooms 4
Full Baths 2
Abv Grd Liv Area 1,700
Annual Tax Amount $6,265
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Detached
Source Cornerstone
Property Description
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.
PLEASE NOTE:*Some Images have been Virtually Staged*
Location
Province ON
County Hamilton
Area 51 - Stoney Creek
Zoning R2
Rooms
Basement Full, Partially Finished
Bedroom 2 3
Kitchen 1
Interior
Interior Features Auto Garage Door Remote(s)
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Appliance Dishwasher, Dryer, Range Hood, Refrigerator, Stove, Washer
Exterior
Parking Features Attached Garage, Garage Door Opener
Garage Spaces 2.0
Roof Type Asphalt Shing
Lot Frontage 86.0
Lot Depth 175.0
Garage Yes
Building
Lot Description Urban, Ample Parking, Highway Access, Hospital, Library, Public Transit, Quiet Area, Schools, Shopping Nearby
Story 4
Sewer Sewer (Municipal)
Water Municipal
Architectural Style Backsplit
Level or Stories 3
Structure Type Brick Veneer
New Construction No
Others
Senior Community No
Tax ID 173380027
Ownership Freehold/None
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