Description
Welcome to a remarkable investment opportunity in the Beach(es), tucked away on perfectly charming Fernwood Park Avenue south of Queen Street and mere steps from the boardwalk, beach, Balmy Beach Club and the vast vistas of Lake Ontario. 32 and 34 Fernwood are available for the first time in well over 50 years and currently consists of two semi-detached duplexes with a total of four 2 bedroom suites. There are a host of options for its next owners: keep the two semi-detached duplexes in their current configuration, redevelop on the 35-foot-wide lot for a potential single-family or multi-plex build ~or~ take the last step in severing the lot (minor variances have already been approved by the city and a provisional severance has been granted) to sell separately in time and/or potentially build two new semi's. The choice is yours. Opportunities like this are rare, and the location is truly superb just up from the lake and also a short walk to the TTC, great schools and the many shops and amenities of Queen Street. Floor plans in the link below and land survey, home inspection, financials, minor variance approvals and provisional severance available on request.
