147 Burns Street Strathroy-Caradoc, Ontario N7G 1X4

$379,900

Located on an oversized 0.331 acre lot in established South West Strathroy, 147 Burns Street presents a rare opportunity for renovators, builders, contractors & investors alike. The value here is truly in the land & future potential. The existing home is currently uninhabitable and requires a full renovation, with portions already partially gutted including flooring, kitchen areas & mechanicals. The furnace has been removed and extensive work will be required throughout. A large detached garage offers additional storage, workshop or future improvement potential, though it too requires significant work. For the right buyer with vision, however, this property could become an incredible project. The lot itself is the standout feature, offering an impressive 94.74 ft frontage and a depth of up to 150.38 ft on the long side. Surrounded along the rear by mature trees, the property enjoys exceptional privacy rarely found within town limits. Whether you're looking to fully renovate and expand the existing home, build a larger custom residence, explore the possibility of severing the land into multiple building lots, or investigate future redevelopment opportunities, the potential here is significant. Buyers may also wish to explore rezoning possibilities with the municipality for alternative residential uses such as a semi-detached build, townhome concept, duplex or small multi-family project, subject to all approvals and municipal planning requirements. Situated in a mature residential neighbourhood close to parks, schools, shopping, restaurants and everyday amenities, this is an opportunity to secure a sizeable parcel in one of Strathroy's established areas. Properties with this lot size, frontage & long-term upside rarely come available. Property being sold in "as is, where is" condition. (id:38604)

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https://www.realtor.ca/real-estate/29778587/147-burns-street-strathroy-caradoc-sw-sw