This lot in Kincardine is for sale.

Description

Prime development site of 5.5 acres, 741 Broadway, Kincardine. An exceptional and rare development opportunity in the heart of Kincardine. Located at the prominent intersection of Highway 21/Hwy.9, this visibly 5.5 acre site offers unmatched accessibility and exposure for the landmark residential development. Services as water, sewer, hydro at lot line. The property is site specific permitting up to 195 residential units. Ideally suited for condominiums, apartments, long term care facility. The approved framework supports development across up to four separate stages offering developers the flexibility to phase construction in alignment with market conditions and financing timelines. Opportunities of this calibre are seldom available. Qualified developers and investors are encouraged to call your realtor to discuss this outstanding offering (id:66096)

Property Details

MLS®: X13416146
Property Type: Vacant Land
Zoning: R4-D
Bathrooms: 0
Lot Size: 521 × 464 ft (5.54 acres)
Frontage: 521 ft
Garage: No Garage
Property Tax: $9,580.87/yr
Listed: 149 days ago

Services

Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

149d

Kincardine listings, avg age

133d

List price

$3.95M

Haho

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Listed by RE/MAX Land Exchange Ltd · RENATE SIEBER-SCHLEGEL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2Z)

This home lists at $3,950,000, about 38.3× the local median household income of $103,000.

Carrying it typically needs a household income of about $771,573 (20% down, 25-yr amortization, stress-tested) — roughly 649% above the area median.

Median household income: $103,000
Population: 12,341
Median age: 46.8
Owner / renter: 81% / 20%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N2Z)

$3,950,000

For sale

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Financing

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741 Broadway Street, Kincardine - Vacant Land for Sale