3 Morris Avenue Torbay, Newfoundland & Labrador A1K 1G8

$189,900

Large meadow lot located on the corner of Torbay Road & Morris Avenue. With just under an acre, there's plenty of room to build a large executive home with a detached garage. In fact, the current owner already has municipal approval in principle to build a home with a 2500 sf footprint. This area requires private well & septic. Test holes & septic design have recently been completed. Government well & septic approval is on file. With 122 foot frontage on Torbay Road and MIXED ZONING, this site also has potential for a variety of business uses including childcare, office, medical, professional, personal service, shop and convenience store. Foodland grocery store, Juniper Ridge Intermediate School and Milestones Daycare are all within walking distance. Access to the East Coast Trail (overlooking Torbay Harbour) is just steps away at the bottom of Morris Avenue. Alternatively, there may be potential for a multi-unit residential development. With housing in short supply, the Town is actively encouraging development offering grants for affordable and multi-unit development. At the time of listing, funds are still available under Torbay's Housing Accelerator Fund. (Google Torbay Housing Incentive Program for more details.) 2024 Survey on file. (id:59809)

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