Approx. 45 Acres of Prime Development Land with draft-plan 101-Lot Subdivision Plan in South River, Ontario. An exceptional opportunity for developers and builders to acquire a large-scale residential development parcel in a municipality that actively supports growth and investment.South River offers a significant cost advantage with NO REGIONAL DEVELOPMENT CHARGES and additional incentives available through the municipality's Community Improvement Plan, including potential tax benefits for qualifying projects. The Village's Official Plan supports a diverse range of housing options, including single-family homes, townhomes, affordable housing, multiplexes, apartment buildings, secondary suites, and other innovative housing solutions.Existing infrastructure includes municipal water, natural gas, and fibre-optic internet, providing a strong foundation for future development. (Private septic systems required.)Located in the scenic Almaguin Highlands, just south of North Bay, South River is an attractive destination for families, retirees, outdoor enthusiasts, and remote workers seeking affordable housing and a high quality of life. Residents enjoy easy access to Algonquin Provincial Park, Eagle Lake, and Mikisew Provincial Park, making the area a year-round recreation hub.A growing economic base, supported by local employers, tourism, and expanding community services, continues to drive housing demand throughout the region. With approvals in place and strong municipal support for development, this property presents a rare opportunity to bring a residential project to market in an emerging Northern Ontario growth corridor.**Seller may consider holding a short-term Vendor Take Back (VTB) mortgage of up to $200,000 for qualified purchasers. Please note approx. 2 acres was severed off as 2 individual 1 acre building lots at the end of Poplar street- ideal for model homes and sales office to be built. (id:66096)
Property Details
MLS®
X13511388
Property Type
Vacant Land
Zoning
R1 - residential
Bathrooms
0
Lot Size
836 × 1322 ft (25.37 acres)
Frontage
836 ft
Property Tax
$1,278/yr
Listed
125 days ago
Features
Lot Features
Irregular lot size
Services
Utilities
Electricity, Cable, Electricity Available
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
125d
South River listings, avg age
60d
List price
$500K
Long Listed: 125 days on market, against an average age of 60 days across the listings currently for sale in this city
Market timing · days on market0 → 60d avg age of current listings
Long Listed · day 125
Homes here sell below asking price
Homes in this market sold for an average of 92.3 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
Haho
This vacant land in South River is available now. Want me to connect you with the agent or keep you posted on any price updates?
Listed by REAL BROKER ONTARIO LTD. · CHANTAL GODARD
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (P0A)
This home lists at $499,900, about 7.4× the local median household income of $68,000.
Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 44% above the area median.
Median household income
$68,000
Population
17,822
Median age
56.8
Owner / renter
87% / 13%
Avg. household size
2.2
Source: Statistics Canada, 2021 Census (FSA P0A)
$499,900
For sale
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Financing
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