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Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Stayner
MLS Listing ID S12954456
Annual Tax Amount $7,501
Tax Year 2025
Property Sub-Type Land
Property Description
Exceptional opportunity to acquire 3.03 acres of residential development land in a high-demand area. The property offers outstanding potential for a purpose-built rental project, ideal for CMHC MLI Select financing. Preliminary concepts support development of 75+ rental units, or a mixed configuration of approx. 46+ rental units plus 4 detached residential lots. Strong market fundamentals with increasing demand for quality rental housing make this an ideal long term investment. Take advantage of government backed incentives, including potential HST rebates, favorable financing terms, and extended amortization options up to 40 years through CMHC programs. A rare opportunity for developers, builders, and investors to secure a scalable site with significant upside in a supply constrained rental market.
Location
Province ON
County Simcoe
Area Simcoe
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 3.03
Others
ParcelsYN No
Listed by RE/MAX ULTIMATE REALTY INC.
Nearby Locations
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