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$ 3,850,000
Est. payment | /mo
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Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Penetanguishene
MLS Listing ID S12552442
Annual Tax Amount $3,427
Tax Year 2024
Property Sub-Type Land
Property Description
The property is fully ready for architectural design, with all preliminary studies completed. A draft plan of subdivision has been finalized, and rezoning approval has been granted for 31 freehold townhouse units, 24 of which feature walkout designs. The rezoning approval accommodates a mix of one-, two-, and three-storey units, providing flexibility for varied housing styles and layouts. Final engineering plans are prepared and ready for submission. The site benefits from three road frontages, with sewer, water, gas, and hydro services available at the road, requiring only lateral tie-ins for servicing. In addition, a comprehensive stormwater management plan has been completed. The Town also offers an incentive program for rental units, presenting an excellent opportunity for developers seeking to include rental housing as part of the project.
Location
Province ON
County Simcoe
Community Penetanguishene
Area Simcoe
Zoning Residential
Exterior
Utilities Available Yes
Lot Frontage 425.0
Lot Depth 691.0
Building
Lot Description Irregular Lot
Others
ParcelsYN No
Listed by LENNARD COMMERCIAL REALTY
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