Address
53 Mercer Crescent, Penetanguishene, ON
Price
$ 1,599,900
Property Attributes
  • ID#S13626266
  • TypeLand
  • Listing Status Active
  • MunicipalityPenetanguishene
  • CityPenetanguishene
  • NeighbourhoodPenetanguishene
  • Postal CodeL9M 1R4
  • StyleVacant Land
  • Price$ 1,599,900
  • Bedrooms{}
  • Bathrooms0
  • Half Bathrooms0
Data Source:
RLP - CREA EN
Property Description

ATTENTION DEVELOPERS & BUILDERS: Prime 2.91-Acre In-Town Residential Development Opportunity!Here is a rare turnkey development opportunity situated directly beside an established, mature neighborhood in highly desirable Penetanguishene. This 2.91-acre parcel offers a low-risk, high-reward investment with extensive preliminary work already completed and ready for your vision. Land is high, dry, and beautifully treed with a healthy blend of mature coniferous and deciduous species, with select premium lots backing onto a picturesque, forested ravine.The site is designated Development, with municipal water, sewer, and natural gas services available directly adjacent. The Town of Penetanguishene maintains a detailed file on the property supported by extensive completed studies, significantly streamlining your planning process. Access is fully secured as the 1 ft reserve along Mercer Crescent has been removed and integrated into the dedicated street line.A preliminary sketch illustrates potential for 18 detached single-family home lots, though final density remains flexible and determined by your design, subject to Town Planning Department approval. This versatile site also presents an exceptional opportunity for a retirement residence development.Enjoy financial advantages with no HST applicable to the purchase. Situated in a prime, quiet in-town location close to local amenities and Georgian Bay shorelines, all less than a 2-hour drive from Toronto and the GTA. Call today for full details and the complete property file.

General Features

Zoning DD
Terms SALE
Neighbourhood Penetanguishene
Property Sub Type VACANT_LAND
jumpId 28859089
Property Subtype French Vacant Land
Listing Type French Vacant Land
MLS S13626266
Property Type Vacant Land

Interior Features

Bedrooms {}

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in L9M 1R4

Price
AVG $1.6M
$1.6M