Development Opportunity in Milford! This 1.4 acre lot with an existing driveway is level, cleared and ready for your next project. In areas where municipal services are available, the current zoning of R2 permits two 2-unit dwellings (four residential units) on a min. lot size of 9903 square feet. This lot is 4x the required size with potential for up to four 2-unit dwellings (8 residential units) with proper permissions in place for private lane or shared driveways. See documents on file for the current municipal planning strategy as it pertains to secondary units being permitted as additional living space (backyard suite/apartment) - providing potential for possibly 4 additional units. With over 350 feet of direct frontage on Highway 2, there is also potential for further subdivision. There is municipal sewer and water in the area, but they would need to be extended to meet this lot. See photo on file for approx. locations of the closest manhole cover (sewer) and water main (water). A recent hydrogeologic study has indicated that ample water is available to support anticipated residences, so a shared well could be an alternative to municipal water hook-up. The R2 zone permits homebased businesses, daycares and accommodations and with council approval, offices, professional services and retail businesses may be permitted. Accessory buildings of up to 1500 sq. ft. are permitted as of right. This is an ideal location for a small scale residential development with up to 12 rental units (as described above). The cost of connecting to municipal sewer would need to be explored and weighed against the significant long term income benefits this property could provide.