




This land in Penetanguishene is available for your consideration. The property has lot dimensions of 425.00 x 691.00 Feet (2.9 Acres), cross street Robert St E / Lecarron Ave, zoned Residential.
The property is fully ready for architectural design, with all preliminary studies completed. A draft plan of subdivision has been finalized, and rezoning approval has been granted for 31 freehold townhouse units, 24 of which feature walkout designs. The rezoning approval accommodates a mix of one-, two-, and three-storey units, providing flexibility for varied housing styles and layouts. Final engineering plans are prepared and ready for submission. The site benefits from three road frontages, with sewer, water, gas, and hydro services available at the road, requiring only lateral tie-ins for servicing. In addition, a comprehensive stormwater management plan has been completed. The Town also offers an incentive program for rental units, presenting an excellent opportunity for developers seeking to include rental housing as part of the project.
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Listed by LENNARD COMMERCIAL REALTY
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Listing represented by LENNARD COMMERCIAL REALTY · MLS# S12552442
For illustration purposes only. Consult a mortgage professional for accurate rates.
Disclaimer: The mortgage estimates and monthly cost calculations shown above are for illustrative purposes only and should not be relied upon as financial advice. Actual mortgage rates, terms, and eligibility depend on your personal financial situation, credit history, and current market conditions. Please consult a licensed mortgage broker, financial advisor, or your bank to determine your actual affordability and mortgage costs before making any purchasing decisions.
Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.