€750,000

Canhas Ponta do Sol Mixed-Use Building 3,151 m² of land 296 m² gross floor area A property with great potential for appreciation and multiple uses, located in Canhas, Ponta do Sol. Featuring a spacious home, a garage, several separate areas, a 3,151 m² lot, and a gross floor area of 296.35 m², this property offers a particularly attractive opportunity for investors seeking to develop a customized project, create multiple independent units, or combine owner-occupancy with rental income. The property is currently habitable and features a solid, functional structure, though it would benefit from updates and renovations to modernize the spaces. Its layout allows the property to be adapted to different projects, including: - A large single-family home; - Creation of several independent living spaces; - Conversion of existing areas into apartments; - Conversion of spaces into offices, annexes, or support units; - Creation of an independent two-bedroom unit in the attic; - Possibility of developing a new structure on the lot, in accordance with applicable regulations. Discover this 3-story house located in Canhas: Garage and utility areas The property features a spacious garage with capacity for approximately 4 cars, complemented by several rooms that can be used as: - Storage spaces; - Offices; - Utility areas; - Outbuildings; - Independent spaces for business use. This area also features bathrooms, exterior access to the ground floor, and direct access to the propertys grounds and existing barns. --> The ground floor features: - Living room; - 2 bedrooms; - Furnished and equipped kitchen; - Utility kitchen; - Full bathroom; - Laundry room; - Access to the south-facing balcony; - Internal access to the first floor; - Exterior access to the garage and the first floor. --> The first floor consists of: Living room; 2 bedrooms; Full bathroom; Kitchen; Access to the outdoor terrace; Internal and external access to the ground floor. The current layout allows for a future reorganization of the spaces to create different areas for independent use, significantly increasing the propertys profitability potential. --> 3,151 m² lot One of this propertys main assets is its spacious lot, with a total area of 3,151 m². The size of the lot offers a variety of development possibilities, including the potential for additional construction. For an investor, this area represents an opportunity to pursue a larger-scale project, subject to confirmation of feasibility by the relevant authorities. --> Strategic Location Canhas, Ponta do Sol Located in a quiet, established neighborhood in Canhas, the property combines the residential and natural setting of Ponta do Sol with convenient access to services and transportation. - 8 minutes from downtown Ponta do Sol; - 30 minutes from Funchal; - 45 minutes from Madeira Airport; - Easy access to public transportation; - Close to schools, restaurants, and services. A property for those seeking potential This is not just a house. It is a property with ample space, a prime location, versatility, and the potential for transformation. With the possibility of reorganizing the existing spaces, creating independent units, transforming the attic into a separate two-bedroom apartment, and exploring the lands development potential, this property offers an attractive solution for investors looking to diversify its use and maximize the assets potential. Discover this propertys potential Contact us for more information and to schedule a visit. Come see a property with the potential to develop not just a home, but a true investment project in Ponta do Sol.