MLS# H4160974 Price: $15,999,000
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Property Description
Don’t miss out on this incredible opportunity to acquire 28.3 acres of future development land in Smithville, Ontario. The proposed 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 projects.
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Property Details: 2967 South Grimsby Rd 5 Road (near Highway 20 )
Listing# 63171
Location
| Address |
2967 South Grimsby Rd 5 Road |
| City |
Smithville |
| Cross Streets |
Highway 20 |
| District |
West Lincoln (10) |
| Neighbourhood |
West Lincoln (056) |
| Listing Agents |
David Boersma / Mark Meindersma |
Description
| Sub Type |
Commercial |
Price |
$ 15,999,000 |
| Lease Rate Per |
For Sale |
LotSize |
559.17ftx163.31x318.60x1193.44ftx894.49ftx1362.64f |
| Location |
Smithville |
|
|
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Notice! Information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy we regret that we cannot guarantee it. All information subject to change and/or withdrawal without notice.