PURPOSE-BUILT RENTAL DEVELOPMENT OPPORTUNITY | HUNTSVILLE, MUSKOKAPosition your next multifamily development in the heart of Muskoka. This 1.32-acre property at 60 Yonge Street South is approved for 16 residential units across two identical eight-unit rental buildings, with access to municipal water, sewer and public transit. The project is permit-ready; only payment of the building permit fee remains before issuance.With development approvals secured, the project provides investors and developers an established design to advance toward construction. The planned housing is intended to serve a range of residents, including seniors, families and the local workforce, with four units designed for accessibility.The building plans emphasize energy efficiency and durability, combining post-and-beam construction with Structural Insulated Panels (SIPs), wall assemblies exceeding R-50, and radiant in-floor heating within polished concrete floors.The project may qualify for the District of Muskoka's Muskoka Affordable Housing Initiatives Program (MAHIP), with potential grant funding of up to $100,000 per unit-representing up to $1.6 million across all 16 units, subject to program eligibility, funding availability and approval for each qualifying unit. Additional potential incentives include head-lease arrangements and development charge waivers where applicable.The project may also be eligible for CMHC MLI Select financing, offering the potential for attractive financing terms and extended amortization, subject to applicable program requirements and approval.An opportunity for builders, multifamily investors and rental housing developers to advance an approved 16-unit project in Huntsville. (id:66096)
Property Details
MLS®
X13794444
Property Type
Vacant Land
Zoning
R1
Lot Size
1.32 acres
Frontage
284 ft
Price per Acre
$590,154 per acre
Property Tax
$580/yr
Listed
48 days ago
Features
Lot Features
Irregular lot size, Conservation/green belt
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
48d
Huntsville listings, avg age
90d
List price
$779K
Long Listed: 48 days on market, against an average age of 90 days across the listings currently for sale in this city
Market timing · days on market0 → 90d avg age of current listings
Long Listed · day 48
Haho
This vacant land in Huntsville has been listed for 48 days, which is 42 days fresher than the city average of 90. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (P1H)
This home lists at $779,000, about 9.5× the local median household income of $82,000.
Carrying it typically needs a household income of about $152,166 (20% down, 25-yr amortization, stress-tested) — roughly 86% above the area median.
Median household income
$82,000
Population
18,099
Median age
51.2
Owner / renter
80% / 20%
Avg. household size
2.3
Source: Statistics Canada, 2021 Census (FSA P1H)
$779,000
For sale
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