302 Seventh Street, Collingwood, Ontario, L9Y2B3




$819,000
Collingwood
This lot in Collingwood is for sale. It has been on the market 56 days, fresher than the Collingwood average of 73 days.
Rare in-town development opportunity in Collingwood. Located at 302 Seventh Street, this approximately 0.46-acre vacant parcel offers an impressive 125 ft of frontage and approximately 165 ft of depth, providing excellent flexibility for future development. Zoned R4 Residential Fourth Density, the property permits a range of residential uses, including multi-residential development, subject to applicable municipal requirements and approvals. The property is designated Existing Neighbourhoods in the Town of Collingwood Official Plan, which considers both Low-Rise and Mid-Rise residential development within the designation. The ultimate number of dwelling units will depend on the overall site design and applicable planning and zoning requirements, including setbacks, parking, lot coverage, landscaped open space, building form, and other development standards. With its generous frontage and substantial lot area, the property offers an excellent opportunity to explore a thoughtfully designed residential project. Ideally situated within an established neighbourhood and surrounded by existing residential development, this sizeable parcel presents an exciting opportunity for developers and investors looking to create new housing in Collingwood. Conceptual renderings are available to illustrate one potential vision for the property and are for illustrative purposes only. Buyer to complete their own due diligence regarding permitted uses, development potential, servicing and all required municipal approvals. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 56 days on market, against an average age of 73 days across the listings currently for sale in this city
This vacant land in Collingwood has been listed for 56 days, which is 17 days fresher than the city average of 73. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $819,000, about 9.6× the local median household income of $85,000.
Carrying it typically needs a household income of about $159,979 (20% down, 25-yr amortization, stress-tested) — roughly 88% above the area median.
Source: Statistics Canada, 2021 Census (FSA L9Y)
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