129 Margaret Avenue, Stoney Creek ON

About 129 Margaret Avenue

A rare opportunity in one of Stoney Creek’s quiet, established neighbourhoods! Custom-designed and built in 1979 for the original owners, this exceptionally solid and lovingly maintained home reflects true pride of ownership. Most major improvements were completed around 2008, while the roof, windows, exterior doors and garage doors remain in very good condition. Set on an impressive 86 x 175 ft lot and surrounded by attractive newer custom homes, the property offers outstanding possibilities. Buyers may explore severance into two approximately 43 x 175 ft building lots, subject to Committee of Adjustment and all municipal approvals. At roughly $450,000 per potential lot, the land value alone presents a compelling opportunity. The existing home also offers excellent multi-generational or investment potential, with the possibility of creating up to three independent living areas, each with its own entrance, subject to required permits and approvals. The partially finished basement has separate access through stairs from the garage. Estimated potential gross rental income could reach approximately $7,000 per month once properly configured and approved. Enjoy a peaceful setting close to schools, shopping, parks, Downtown Stoney Creek, Confederation GO Station and the Lake Ontario waterfront, with quick access to the QEW for easy travel toward Hamilton, Burlington, Toronto or Niagara. Live in it, rent it, renovate it, or explore the redevelopment potential—this is the kind of property that rarely comes to market. (id:56071). Get more information on 129 Margaret Avenue

Property Features

Appliances:  Dishwasher, Dryer, Refrigerator, Stove, Washer, Hood Fan, Garage door opener
Features:  Automatic Garage Door Opener
Rental Equipment:  
Zoning Description:  R2
Interior Size (Approximate):  1700 sqft
Community Features:  Quiet Area
Access:  Highway access
Lot (Approximate):  0.34 ac|under 1/2 acre 0.34
Exterior Finish:  Brick Veneer
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   Natural gas / Central air conditioning
Age (Approximate): 
Basement:  Full (Partially finished) Partially finished

Rooms & Sizes

(Approximate)

Bedroom Second level 9 6 x 8 0	Bedroom Second level 13 1 x 12 8	Primary Bedroom Second level 13 10 x 12 1
3pc Bathroom Lower level Measurements not available	Family room Lower level 26 6 x 13 1	Bedroom Lower level 9 5 x 9 2
4pc Bathroom Main level Measurements not available	Eat in kitchen Main level 17 5 x 10 4	Dining room Main level 11 10 x 10 6
Living room Main level 15 10 x 11 11