53 Mercer Crescent,Penetanguishene, ON L9M1R4
Penetanguishene, ON L9M1R4
Description
ATTENTION DEVELOPERS & BUILDERS: Prime 2.91-Acre In-Town Residential Development Opportunity!Here is a rare turnkey development opportunity situated directly beside an established, mature neighborhood in highly desirable Penetanguishene. This 2.91-acre parcel offers a low-risk, high-reward investment with extensive preliminary work already completed and ready for your vision. Land is high, dry, and beautifully treed with a healthy blend of mature coniferous and deciduous species, with select premium lots backing onto a picturesque, forested ravine.The site is designated Development, with municipal water, sewer, and natural gas services available directly adjacent. The Town of Penetanguishene maintains a detailed file on the property supported by extensive completed studies, significantly streamlining your planning process. Access is fully secured as the 1 ft reserve along Mercer Crescent has been removed and integrated into the dedicated street line.A preliminary sketch illustrates potential for 18 detached single-family home lots, though final density remains flexible and determined by your design, subject to Town Planning Department approval. This versatile site also presents an exceptional opportunity for a retirement residence development.Enjoy financial advantages with no HST applicable to the purchase. Situated in a prime, quiet in-town location close to local amenities and Georgian Bay shorelines, all less than a 2-hour drive from Toronto and the GTA. Call today for full details and the complete property file. (id:13843)
Details
| MLS # | S13626266 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 65 |
| Listing Provided By | Royal LePage In Touch Realty | FORREST WILLETT |
Features
| Zoning | DD |
|---|
Interior
| Fireplace Yes / No | No |
|---|
Utilities
| Utilities | Sewer, Electricity, Cable |
|---|
Taxes
| Tax Annual Amount | 0 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Penetanguishene |
| Postal Code | L9M1R4 |
| Listing VS Median (in L9M1R4) | |
Price: $1,599,900 low | high Med: $0 On site: 65 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Penetanguishene |
| Postal Code | L9M1R4 |
| Listing VS Median (in L9M1R4) | |
Price: $1,599,900 low | high Med: $0 On site: 65 low | high Med: | |