Property
Type, style and structure
- Type
- land
- Style
- vacant land / Vacant Land
- Ownership
- Freehold
1.32 ac
Lot
Property Snapshot
Key details for this listing
MLS #40863861
Lot
Land, frontage and setting
- Lot
- 1.32 ac - 1.32
- Frontage
- 284.2 feet
Costs
Price, taxes and monthly charges
About This Property
This vacant land in Huntsville offers a 1.32 ac lot. The property has lot dimensions of 1.32.
MLS Remarks
PURPOSE-BUILT RENTAL DEVELOPMENT OPPORTUNITY | HUNTSVILLE, MUSKOKA Position 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:60351)
Full Listing Details
Address60 YONGE STREET S
MLS#40863861
Listing StatusActive
Property TypeLand
Sub-TypeVacant land
TransactionSale
Days on Market38
Common InterestFreehold
Annual Tax$580
StyleVacant Land
CityHuntsville
ProvinceOntario
Postal CodeP1H1T6
SubdivisionHuntsville
Lot Size1.32 ac
Lot Dimensions1.32
Frontage284.2 feet
Lot FeaturesIrregular lot size, Conservation/green belt
Zoning DetailsR1
Water SourceMunicipal water
Annual Tax$580
Cross Streets: Main St West to Young St South. ** Directions: Main St West to Young St South - Property is located just South of Town Line Road West on the East Side.
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