**Development Land with Building Permit in Hand -- Ready to Build**

Exceptional development opportunity in Otterburn Park. This property offers a fully approved residential project consisting of **four 4-unit residential buildings**, each featuring **private double garages for every unit**.

The entire development package has been completed, allowing the purchaser to begin construction without delays related to municipal approvals. The development process began in 2021 and required nearly five years of planning, studies, design work, and approvals.

The purchaser will benefit from a fully prepared development package, including:

* Site Plan
* Construction Plans
* Cross-Section Plans
* Stormwater Management Plan
* Phase I Environmental Site Assessment
* Phase II Environmental Site Assessment
* Project Appraisal Report dated January 16, 2025
* Building Permit

According to the appraisal report prepared on **January 16, 2025**, the estimated completed value of the project is **$6,990,000**.

This is a rare opportunity for developers and investors to begin construction immediately while avoiding several years of planning, studies, engineering work, and municipal approvals.

Strategically located in one of Otterburn Park's most desirable areas, the property is close to schools, daycare centers, parks, cycling paths, public transportation, local services, and major transportation routes.

Each building is situated on its own individual lot while sharing a common lot, providing exceptional flexibility and a wide range of development opportunities.

This project is ideal for developers seeking a rental investment, condominium conversion, or a family-oriented development.

The possibilities are endless:

* Build all four buildings and retain them as rental properties.
* Keep two buildings and sell the other two.
* Occupy one building and rent the remaining three.
* Create a multigenerational family compound.
* Develop the project as condominiums and sell the individual units.

Build four. Keep two. Sell two. Live in one and rent the others. Virtually any ownership or investment strategy is possible.

This unique lot configuration offers remarkable flexibility, allowing purchasers to adapt the project to their investment, development, or personal occupancy objectives.