$15,999,000
 $85,886 est/mo Sourced by Back At You

2967 South Grimsby Rd 5 Road , Smithville, ON L0R 2A0

Smithville, ON L0R 2A0

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Description

Seize this incredible opportunity to acquire 28+/- acres of future development land in Smithville, Ontario. The Official Plan Amendment (OPA 62 & 63) for Smithville sets out 540 total hectares of new development lands with a target of 60% low density, 35% medium density, & 5% high density residential housing mix. The projected growth for Smithville under the new plan is 29,030 inhabitants and 7,360 jobs by 2051. The planned uses for the subject property are; Residential, Open Space, Recommended Restoration Area & a Conceptual Buffer. The Residential place-type is intended to provide opportunities for the development of low-rise, ground-related residential land uses. Areas designated Residential shall be planned to achieve an overall density of between 15 & 20 dwelling units per hectare. The following uses shall be permitted; single detached dwellings, semi-detached dwellings, duplex dwellings, & townhouse dwellings. The subject property is located in Block 1A of Phase One. It is located in the NW quadrant of the proposed Smithville Master Community Plan and is to be one of the first sites to receive water and sewer infrastructure. With a coveted location, this property boasts easy access to arterial roads & is situated near schools, & community recreation facilities. The land is cleared and features level topography, making it ideal for development.

Details

MLS#XH4160974
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Days On Site41
Listing Provided ByRE/MAX Escarpment Realty Inc. | David Boersma

Features

ZoningResidential/Open Space/Agricultu
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 4 minutes ago
ProvinceON
CountyNiagara
CitySmithville
Postal CodeL0R 2A0
AreaGrimsby
SubareaGrimsby Escarpment (055)
Community NameGrimsby Escarpment (055)
Listing VS Median (in Grimsby Escarpment (055))
Price:
$15,999,000
low | high
Med:
$1,474,450
100% of Average
On Site:
41
low | high
Med:
37.000000
100% of Average
Sourced by Back At You
Listing Updated: October 16, 2024 at 2:10:03 AM PDT