2.7 Acre Condo Development Site – Dean Gibbons

2.7 Acre Condo Development Site


May 24

I have a very interesting project to offer this week.  

As the Greater Toronto Area is rapidly running out of condo development sites developers and builders are looking outside the GTA in search of new projects.  

This 2.7 acre waterfront building site is in the process of being re-zoned to permit a 50-60 unit condo.  The local municipality is receptive to the idea of a retirement condominium but there are other possibilities as well.  Seller has received the notes from Pre-consultation meeting and nothing to suggest that there will be any issues in getting all approvals in due time. 

New detached homes in the area sell for as much as $600k and a new development of 170 plus detached homes is breaking ground as I write this.  

This small town is booming with activity and is satisfying an insatiable need for affordable housing in southern Ontario.

This property is being sold "as is" at $675,000 leaving lots of room for profit for an experienced investor willing to put in their own sweat equity.  Vendor financing available for the right buyer.  

To Request the latest information on this project contact us below:

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Excited Woman with Thumbs Up and Doggy Holding Sold Real Estate Sign Near Moving Boxes in Empty Room Taken with Extreme Wide Angle Lens.

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