506 Line 2 Rd

Opportunity knocks! Delightfully Renovated Home with separate 30X40X16ft Workshop/Garage and loads of parking all on a big 80 X200 ft lot with potential for severance. Welcome to 506 Line 2, Located in the heart of Virgil, Niagara on the Lake, across from a small commercial mall, backing onto Hwy 55, and kitty corner to the Future medical Centre beside CrossRoads Public School. With this prime location, opportunities are endless. Presently, the 1200 sqft Sidesplit is used as a single family residence with a lower level 2nd kitchen, backyard entrance, large Bdrm, renovated 4 pc bathroom and living space, there is the potential for an in-law suite or BnB Rental. The 1 Bay garage/Workshop is heated with a natural gas radiant tube heater, has 100 amp, a washroom and has surrounding parking for 10 cars. Initial consultations with town suggest severance is possible. Perhaps future development allows for townhomes, a 2nd home built or the possibility to change the property to commercial zoning through a variance with the City of Virgil. Garage roof has solar panels with income producing from NOTL Hydro approx 8K/yr. The contract is paid out and ownership will be transferred to the New Owner upon closing. Home furnace 2021, A/C 2020, Home roof 2021, Kitchens 2021, Vinyl floors 2021, renovated washrooms 2021, front and back doors 2021, house freshly painted 2021, new electric panel 2019, hot water tank owned 2020. Buyer to do own due diligence on severance or re-zoning. (id:22211)