Rare opportunity to acquire a 1.04 acre parcel of development land within a 5 minute walk of downtown Cumberland. High exposure site on primary access road into village. Designated for townhouse use in the Official Community Plan. 800m from schools, parks, restaurants and grocery stores. R-1A zoning allows short-term rentals in multiple dwellings on the property; 1 single family house, 1 secondary suite and 1 accessory dwelling unit. Potential to subdivide parcel into 3,500 sqft lots and hold remaining land for future development. Improved with recently renovated, live in ready 4 bedroom house with 2 car garage. Unique inflation-hedge investment asset benefitting from the continued growth of Cumberland.