Amazing Development Opportunity in a Highly Desirable Area. Zoned for Townhomes, with the potential to build a 6-storey, 30-unit mid-rise! This exceptional, vacant land is located in a sought-after, family-friendly neighborhood and is currently zoned RD*1121. It has already been approved for five freehold townhomes, each with a legal secondary unit, totaling 10 units. Alternatively, take advantage of the city-approved zoning allowing for the construction of a six-storey, 30-unit mid-rise building. Situated at the intersection of two major streets, this site is in a high-demand rental area, with easy access to public transit, just minutes from Highway 401, shopping centers, restaurants, parks, and all essential amenities. This is a rare, high-potential investment opportunity, whether you're considering townhomes or a mid-rise. Dont miss out this prime site wont last long!