Rare shovel-ready residential infill development opportunity in the heart of Smithville, Ontario, just steps from downtown and a wealth of amenities. Seller is willing to consider a vendor take-back mortgage of up to 50%. Fully approved with zoning, site plan approval, development agreement, and draft plan of condo approval in hand, this project is ready to go. Designed for 20 condominium townhouses or a purpose-built rental development with 2 units per townhouse (40 units total), as permitted under Section 3.2.1 of the West Lincoln Zoning By-Law. Situated on a major street, within walking distance of restaurants, grocery stores, LCBO, churches, walking trails, and parks, this prime location offers both convenience and strong market appeal. A comprehensive due diligence package, including reports and studies, is available. With the Niagara Regions population expected to grow by 27.6% to 610,000 by 2041, demand for quality housing continues to rise, making this an exceptional investment opportunity in a rapidly expanding community. (id:52373)
| Business Type | Residential |
| Business Sub Type | Residential |
| MLS® Number | X11967171 |
| Property Type | Vacant Land |
| Community Name | 057 - Smithville |
| Features | Irregular Lot Size |
| Size Interior | 2 Acres |
| Utility Water | Municipal Water |
| Acreage | Yes |
| Size Depth | 486 Ft ,6 In |
| Size Frontage | 131 Ft ,8 In |
| Size Irregular | 1.61 |
| Size Total | 1.61 Ac |
| Size Total Text | 1.61 Ac |
| Zoning Description | Rm2-148 |
Contact us for more information
Danny Partalas
Salesperson
(519) 471-9200
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