$249,900
8 SOUTH TERRACE STREET
Beds
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Baths
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Sqft
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Year
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Type
Vacant Land
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for South Glengarry. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Exceptional Investment Opportunity in LancasterAn incredible opportunity to expand your real estate portfolio in the growing community of Lancaster. This vacant lot is development-ready, with professionally designed plans already completed for a 6-unit multi-family building, saving you both time and upfront planning costs. Plans can be provided to qualified buyers, offering a streamlined path from purchase to construction. The property offers excellent infrastructure access, including natural gas, municipal water, and municipal sewer services, key components for a smooth and efficient build. With a parking allowance for 9 vehicles, the layout has been thoughtfully considered to accommodate tenant needs and enhance long-term rental appeal. Whether you're an experienced investor looking to scale your holdings or a developer seeking your next project, this property presents a rare chance to secure a multi-unit build site in a desirable location. Positioned in Lancaster with convenient access to local amenities and major routes, this is a strategic addition to any investment portfolio.Build. Rent. Grow. The opportunity starts here. (id:65958)
- Subtype
- Vacant Land
- Community
- 722 - Lancaster
- Lot dimensions
- 111.33 x 134.25 FT
- On market
- Feb 17, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $765
- Photos
- 1
- MLS#
- X12791908
- Area
- SOUTH_GLENGARRY
Features and systems
Lot
Utilities
Cash on cash
18.25%
Cap rate
8.51%
GRM
8.7
Break-even rent
$1,600
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.