Rare 1.399-Acre Residential Development Opportunity in the Heart of Simcoe. Ideally located within walking distance of downtown, schools, parks, shopping, restaurants, healthcare, and everyday amenities, this exceptional infill property offers a rare opportunity to acquire one of Simcoe's largest residential development sites. Currently zoned R2 Residential, permitting single detached, semi-detached, duplex dwellings, and other permitted uses under Norfolk County Zoning By-Law. Municipal water and sewer services are available at the lot line. Extensive due diligence has already been completed, including Phase I, Phase II, & Phase III Environmental Site Assessments, a Record of Site Condition, and a survey. A comprehensive development package, including environmental reports, planning information, and conceptual development plans, is available upon request. The sellers have previously consulted with Norfolk County Planning regarding the property's future development potential, including the possibility of higher-density residential zoning, such as R5, subject to all required municipal review and approvals. Development opportunities of this size, location, and level of preparation are increasingly rare. Immediate possession available. Taxes to be assessed. All renderings and conceptual plans are for illustrative purposes only and do not represent approved development. (id:66096)
Property Details
MLS®
40851529
Property Type
Vacant Land
Zoning
R2
Frontage
41 ft
Basement
None
Ownership
Freehold
Property Tax
$1/yr
Listed
97 days ago
Services
Water
Municipal water
Sewer
Municipal sewage system
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
97d
Simcoe listings, avg age
76d
List price
$1.50M
Long Listed: 97 days on market, against an average age of 76 days across the listings currently for sale in this city
Market timing · days on market0 → 76d avg age of current listings
Long Listed · day 97
Haho
This vacant land in Simcoe is available now. Want me to connect you with the agent or keep you posted on any price updates?
Listed by Royal LePage State Realty Inc. · Jacob Atkinson
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (N3Y)
This home lists at $1,499,000, about 19.3× the local median household income of $77,500.
Carrying it typically needs a household income of about $292,807 (20% down, 25-yr amortization, stress-tested) — roughly 278% above the area median.
Median household income
$77,500
Population
23,402
Median age
49.2
Owner / renter
75% / 25%
Avg. household size
2.3
Source: Statistics Canada, 2021 Census (FSA N3Y)
$1,499,000
For sale
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