Prime Development Opportunity in Residential Infill (R-I) Zone! This 7,500 sq ft (approx. 696.77 m²) lot exceeds the minimum requirement of 280 m², allowing for multi-unit residential development up to four dwelling units! This flat, centrally located lot is ready for your vision, with existing structures valued as Land Only - Tear Down. Zoning Highlights: Density: Permitted for up to four dwelling units based on lot size. Lot Coverage: Maximum building coverage of 50% (approx. 3,750 sq ft). Up to 70% (approx. 5,250 sq ft) for impermeable surfaces, ideal for driveways and patios. Yard Setbacks: Front Yard: Minimum 4.0 meters (~13.1 ft). Rear Yard: Minimum 3.0 meters (~9.8 ft) or 1.5 meters if adjacent to a lane. Side Yards: Minimum 1.2 meters (~3.9 ft); 3.5 meters if adjoining a road. Building Height: Maximum of 7.0 meters (2 stories) if 3.0 meters from the rear line. Up to 10.0 meters (3 stories) if set back 5.0 meters from the rear. Located just minutes from the ocean, close to all schools, and nearby amenities, this lot offers a rare opportunity in a desirable neighborhood to build new and make your vision a reality. Don't miss this chance!