17
Lot 29 Mount Hope Rd
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$9,950,000 List $9,950,000 -
Sold on: 545 days ago
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Key Facts
Key facts for Lot 29 Mount Hope Rd
Property Type
Commercial
Parking
-
MLS #
W7293326
Size
-
Basement
-
Listed on
-
Lot size
439 x 2211.40
Tax
$5,637 /yr
Days on Market
-
Approximate Age
-
Maintenance Fee
-
Description
Explore a fantastic development opportunity in Caledon with this 31.96-acre land parcel. Located east of Hwy 50 and south of Hwy 9, it's next to Doctor Reynar Rd subdivision's north side. This property is in Palgrave's sought-after Residential Estate Community Policy Area 3, offering great potential... for a new subdivision as per the official plan. Municipal water and natural gas hookups at the property line. This is a rare chance to build high-end executive homes in a growing area. Keep in mind, that potential density bonuses depend on a natural heritage assessment and your development plan. This land boasts 439 feet of frontage on Mount Hope Road, opening up many investment possibilities. Development costs, rezoning, services, and HST are extra. Caledon's by-laws classify this property as A2 - ORM and EPA 2 - ORM, and it currently benefits from Farm tax credits. Don't let this excellent investment chance in Caledon's lively real estate market slip away. **** Extras **** Vendor Take Back (VTB) mortgage to a suitable buyer. Survey on file.
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Courtesy of: ROYAL LEPAGE MEADOWTOWNE REALTY