Property Details

Overview

Amazing development opportunity for this detached two-family home on a rare 50X100 double lot in Wakefield. The home features a finished walkout basement with a bonus room and full bathroom, along with recent updates including a new oil boiler. Additional highlights include a rear balcony, two-car garage, and a private driveway providing ample parking. Zoned R5A, the property offers up to 7, 500 buildable square feet (1.5 FAR), giving buyers multiple options — you can extend the existing home, add an ADU (Accessory Dwelling Unit) of up to 700 sq ft in the rear, or even subdivide the lot and build another two-family home. The zoning also allows for a community facility up to 10, 000 sq ft, making it suitable for uses like a daycare, medical office, or institutional project (zoning analysis shown on the last listing picture. Tons of options here to make this a lucrative investment.