Overview

This lot in Clearview is for sale offering roughly 3 sq ft of space.

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Description

Exceptional opportunity to acquire 3.03 acres of residential development land in a high-demand area. The property offers outstanding potential for a purpose-built rental project, ideal for CMHC MLI Select financing. Preliminary concepts support development of 75+ rental units, or a mixed configuration of approx. 46+ rental units plus 4 detached residential lots. Strong market fundamentals with increasing demand for quality rental housing make this an ideal long term investment. Take advantage of government backed incentives, including potential HST rebates, favorable financing terms, and extended amortization options up to 40 years through CMHC programs. A rare opportunity for developers, builders, and investors to secure a scalable site with significant upside in a supply constrained rental market. (id:66096)

Property Details

MLS®: S12954456
Property Type: Vacant Land
Business Type: Residential
Zoning: RS1 & Development Area
Interior Size: 3 ft²
Lot Size: 3.03 acres
Cooling: Fully air conditioned
Property Tax: $7,501.08/yr
Listed: 216 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

216d

Clearview (Stayner) listings, avg age

73d

Price / ft²

List price

Haho

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Listed by RE/MAX ULTIMATE REALTY INC. · SHAILESH PATEL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0M)

Median household income: $103,000
Population: 37,226
Median age: 39.6
Owner / renter: 83% / 17%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA L0M)

$1· $0/ft²

For sale

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Financing

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210 Side Street, Clearview (Stayner) - Vacant Land for Sale