$ 1,299,000
-
$1,299,000
Price -
0
Bed -
0
Bath -
1,500
SqFt
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About the Listing 427600 -
A rare strategic acquisition for the savvy developer or land-banker! This massive 4.468-acre infill parcel is situated in the heart of Penetanguishene, surrounded by established residential neighborhoods. Uniquely positioned to offer suplimental cash flow, the property features a standalone 3 bedroom residence currently generating $2,360 per month in rental income-providing an excellent carry while you navigate the planning process.Currently zoned R1 and Deferred Development (D), these retained lands represent one of the last significant intensification opportunities within the Primary Settlement Area. With municipal services at the lot line and close proximity to the waterfront and downtown core, the potential for a multi-lot severance or residential project is immense (subject to Town approval). Secure a holding property today and build for tomorrow. Additionally, there is an unopened municipally owned road allowance bordering the west edge of the property. Seller has completed the following work related to the development of the property:-Initial planning consultation (May 2022)-Stage 1&2 Archaeological Assessment (December 2022)-Preliminary Site Plan (August 2023)-Environmental Impact Study (August 2023). Buyer to conduct their own due diligence regarding rezoning and future use.
Listing Highlights
Status
Active
Days on Site
39
Property Type
Vacant Land
MLS ®
S13029528
Year Built
Total Square Footage
1,500
Lot/Acreage
4.47
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Sanitary+Storm
- Parking Features: No Garage
Financial Details
- Tax Amount: $3,802
- Taxes w/Assessments: N/A
- Tax/Property ID: 584370057
- Tax Year: 2025
Payment Calculator
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Questions About..
39 Yeo St Penetanguishene, ON L9M 1C7
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