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0.5 Acres Lot
$ 399,900
Est. payment | /mo
0.5 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID S9260723
Annual Tax Amount $726
Tax Year 2024
Lot Size 0.500 Acres
Property Description
Calling all investors/builders-unique property in Midland with several possible building scenarios. Current zoning allows for up to 3 units(triplex or duplex w/additional single family unit as per Government's Bill 23- "More Homes Built Faster"). Possibility of rezoning to a creat a subdivision in line with neighbouring homes. Site currently has a 3 meter town owned buffer separating the site from the dead-end of Kirk Dr. This buffer presents as a "hold" to protect access to neighbouring parcels that would be otherwise landlocked without it. Town is interested in promoting future residential development in this area and keen to work with possible buyers. An application must be submitted, and accepted by the town, in order for the "hold" to be removed. Key factor to acceptance of any plan is for the buyer and town to cooperate in providing future access to the neighbouring parcels. Developer may have the ability to acquire abutting similar sizes properties for future subdivisions.
Location
Province ON
County Simcoe
Rooms
Kitchen 0
Interior
Interior Features None
Listed by ROYAL LEPAGE LOCATIONS NORTH
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN