Name: 9 JAMES STREET, Norfolk (Simcoe) | MLS® X12398581
SKU: x12398581
Price: 2300000.0 CAD
Availability: InStock

$2,300,000 Sale

Listed 11 hours ago

9 JAMES STREET

MLS® x12398581 Vacant Land

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Beds · 0

Baths · 0.0

Parking · 0

Sqft · 1 ac

Est. mortgage

$8,725/mo

Key Facts

Key facts for 9 JAMES STREET

Property Type

Lots/Land

Parking

Garage: No, 0 parking

MLS #

X12398581

Size

1 ac sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

Prime development opportunity located in the heart of Simcoe, Norfolk County. 9 James Street is a cleared, shovel-ready 1.399 -acre parcel with designs for a 5-storey, 40-unit mid-rise apartment building.This site has been in the works for a proposed development. A Site Plan Agreement (SPA) is not y...et approved, environmental studies including Phase I, II and, III are complete, and a Record of Site Condition (RSC) has been filed and acknowledged by the Ministry. Zoned R2 with site-specific approval, the property allows for high-density residential use. The current design includes 74 surface parking spaces and unit mix options that support rental strategies. The Norfolk County market continues to see strong rental demand with vacancy rates under 2.5 percent, making this a compelling opportunity for purpose-built rental or CMHC co-financed housing. This is one of the few mid-rise development sites available in Norfolk County. Perfect for Developers, investors, and affordable housing proponents. (id:10452)

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Full Property Details

Interior

Washrooms

0.0

Square Footage

1 ac sqft

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

1 ac sqft

Full Bathrooms

Half Bathrooms

Exterior

Acreage

1.399 ac

Parking Spaces

Garage Spaces Y/N

Zoning Description

Residential /Commercial

Land Amenities

Public Transit, Recreation

Acreage

1.399 ac

Parking Spaces

Garage Spaces Y/N

Zoning Description

Residential /Commercial

Land Amenities

Public Transit, Recreation

Building Description

Home Type

Lots/Land

Subtype

Vacant Land

Water Supply

Municipal water

Home Type

Lots/Land

Subtype

Vacant Land

Water Supply

Municipal water

Community

Simcoe

Area Code

Norfolk (Simcoe)

Community

Simcoe

Area Code

Norfolk (Simcoe)

Sina Tahami

Email: [email protected] Cell: 647-521-7462