50x200 Waterfront Lot in Ajax with Severance Potential

A 1.5-storey house sits on a massive 50 x 200 ft lot, just steps from Lake Ontario. It has 3 beds and 1 bath, so the living space is modest, but the land is the real story here. Frontage on two roads opens up possibilities for severance or redevelopment, assuming you get the right approvals. The house itself is dated - aluminum siding, block foundation - but it's solid. Inside, you've got a main-floor primary bedroom, plus two more bedrooms upstairs. There's a finished rec room in the basement, good for a hangout or a home office. Appliances are included: washer, dryer, fridge, stove, and a freezer. Heating is forced air gas, and central AC keeps things cool. Parking for 3 cars, though no garage. You're in a waterfront community with custom exec homes nearby, and Paradise Beach and the Waterfront Trail are a quick walk. Ajax GO Station and Hwy 401 are minutes away. Property taxes run about $5,824 a year. The market around here is strong - median price nearby is $1.15M, and homes sit for about 38 days. This one's priced at $999,898, which is below that median, and the location scores a 9/10. You're buying the location and the lot, not the house. For a builder or investor, this is worth a look. If you want move-in ready, you'll probably pass. Either way, it's a rare find. There's also an alarm system monitored, so security's covered.