Welcome to a rare development and investment opportunity in the heart of Merritt. This newly created 0.4-acre lot, located just off Merritt Avenue, is currently in the final stages of subdivision with land title registration pending. Zoned R-8 High Density Residential, this property opens the door to a wide range of possibilities for builders, investors, and future homeowners alike. Whether you’re considering multi-unit development, rental housing, or a spacious private residence with ample room for parking, storage, and outdoor living, this versatile parcel delivers outstanding potential in a central location close to amenities, schools, and services. The property currently features outbuildings without a primary residence. The outbuildings feature 220amp panel with 100 amp sub panel. There is a WETT certified wood stove in the shop for heat and plenty of room for storage and workspace. As per municipal requirements, the successful buyer will have six months from completion to apply to the City for a temporary use permit to construct a primary residence or remove the existing outbuildings if the buyer chooses not to build a primary residence. All offers are subject to subdivision approval and registration with the Land Title Office. Don’t miss this unique opportunity to secure a high-density zoned lot in one of Merritt’s most convenient and desirable areas. (id:42016)