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This is a perfect development opportunity in Forest Lawn! This property is zoned M-C1 and is excluded from the repeal of the city wide rezoning. It will remain as M-C1 zoning. The property directly next door is also available for sale and is zoned as M-C1 with exemption from the repeal. The lot has been approved for an 8 unit future development. This is a RARE opportunity to purchase neighboring lots with this zoning, providing excellent development potential. The home is a great rental property to hold until development is ready to commence. The location of Forest Lawn is only minutes away from downtown and main traffic arteries for commuting. This property is also perfect for a first time home buyer as well. This bungalow offers 3 bedrooms on the main level and an open kitchen. The main level also offers a bright living room and dining room with great sized windows. The basement offers an illegal suite, fully set-up to accommodate guests. The lower basement includes a kitchenette, 1 bedroom, 3 piece bathroom, laundry room and a bonus space for relaxing. Don't wait long, this property is a prime investment and is sure to go fast!
Data was last updated June 3, 2026 at 02:05 PM (UTC)
Area Statistics
Listings on market:
27
Avg list price:
$450,000
Min list price:
$164,999
Max list price:
$679,000
Avg days on market:
26
Min days on market:
4
Max days on market:
289
Avg price per sq.ft.:
$510.39
These statistics are generated based on the current listing's property type
and located in
Forest Lawn. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.