$2,199,900
Brighton
00040 Price Street East, Brighton, Ontario, K0K1H0
VTB AVAILABLE(owner willing to offer for part of purchase price). Exceptional Residential Development Opportunity in Brighton, Ontario. An outstanding opportunity to acquire a premier residential development site where much of the heavy lifting has already been completed. This 6.23 acre property offers developers and investors the rare chance to step into an advanced stage project with significant planning and engineering work already in place, dramatically reducing the time, cost, and uncertainty typically associated with land development. The property has received Ontario Land Tribunal approval for the Zoning By-law Amendment and Draft Plan of Condominium, subject to conditions, and is supported by an extensive due diligence package including engineering drawings, servicing and stormwater reports, traffic studies, geotechnical and environmental reports, archaeological assessments, planning justification, architectural concepts, landscape plans, urban design brief, tree preservation reports, and more. Current plans envision an attractive 32-unit townhouse condominium community in one of Brighton's most desirable waterfront neighbourhoods, just steps from Presqu'ile Bay, the marina, parks, trails, and minutes to downtown amenities with convenient access to Highway 401.For the next developer, the vision is in place, the groundwork has been completed, and the project is well positioned to move toward the finish line. A rare opportunity to accelerate your development timeline by taking over a project that has already advanced through years of planning and approvals. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 98 days on market, against an average age of 85 days across the listings currently for sale in this city
This vacant land in Brighton is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $2,199,900, about 26.5× the local median household income of $83,000.
Carrying it typically needs a household income of about $429,717 (20% down, 25-yr amortization, stress-tested) — roughly 418% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0K)
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