$395,000
Simcoe
150 GROVE Street, Simcoe, Ontario, N3Y1K4
This lot in Simcoe is for sale. It has been on the market 0 days, fresher than the Simcoe average of 76 days.
A well-positioned residential development opportunity offering 0.32 acres in an established neighbourhood in Simcoe, Norfolk County. The property features approved planning permissions for up to 7 dwelling units, making it an excellent opportunity for builders, developers, and investors. With many possibilities for building design and development, this property offers lots of potential. Development charges are waived until 2029 due to the demolition of the original 7-plex in 2019, offering a significant added benefit for future development. The seller will also consider a Vendor Take-Back (VTB) mortgage, providing additional flexibility for qualified buyers. Ideally located close to shopping, schools, parks, public transit, and other everyday amenities, this property offers a great opportunity to develop in a convenient and established residential area. Only 10 minutes away from the popular lakeside community of Port Dover and the beaches of Lake Erie. (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 0 days on market, against an average age of 76 days across the listings currently for sale in this city
This vacant land in Simcoe has been listed for 0 days, which is 76 days fresher than the city average of 76. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $395,000, about 5.1× the local median household income of $77,500.
Carrying it typically needs a household income of about $77,157 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA N3Y)
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