Description

An Exceptional Opportunity Awaits Custom Home Builders And Visionary Investors Alike** Discover The Rare Chance To Create A Bespoke Luxury Estate Or Investment Property In The Highly Coveted Fairport/Spruce Hill Community A Neighborhood Where Newly Built Custom Residences Have Commanded Prices In Excess Of Four Million Dollars. This One-Of-A-Kind Property Boasts An Extra-Large Irregular Lot Measuring 128' X 353', Perfectly Positioned At The End Of A Private, Tree-Lined Cul-De-Sac. Western Exposure Floods The Grounds With Natural Light, While The Homes Backdrop Of A Serene, Protected Ravine Provides An Unmatched Setting Of Tranquility And Prestige. The Property Further Benefits From Approval For An Additional Laneway Dwelling Unit At The Rear, Offering Tremendous Flexibility For Multi-Generational Living Or Upscale Income Potential. A Recently Completed Survey Is Included, Streamlining The Path Toward Redevelopment. For Those Wishing To Hold Or Generate Income In The Interim, The Existing Residence Features Rental Possibilities, Including A Walk-Out Basement With A Full In-Law Suite Currently Used As Storage, Yet Easily Converted Back To A Separate Apartment With Some Finishing Touches. This Offering Includes Two Parcels Of Land: Parcel 1725 Measuring 60' X 197', Where The Current Residence Sits, And Parcel 1725A Measuring 68' X 353', Expanding The Canvas For Your Dream Build. A Truly Remarkable Opportunity In One Of Durhams Most Prestigious And Established Enclaves.