Penetanguishene, ON L9M 1M1,123 Robert ST E
Penetanguishene, ON L9M 1M1,123 Robert ST E
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$3,850,000
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123 Robert ST E Penetanguishene, ON L9M 1M1

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Key Details

Property Type Commercial

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Penetanguishene

MLS Listing ID S12552442

Annual Tax Amount $3,427

Tax Year 2024

Property Sub-Type Land

Property Description

The property is fully ready for architectural design, with all preliminary studies completed. A draft plan of subdivision has been finalized, and rezoning approval has been granted for 31 freehold townhouse units, 24 of which feature walkout designs. The rezoning approval accommodates a mix of one-, two-, and three-storey units, providing flexibility for varied housing styles and layouts. Final engineering plans are prepared and ready for submission. The site benefits from three road frontages, with sewer, water, gas, and hydro services available at the road, requiring only lateral tie-ins for servicing. In addition, a comprehensive stormwater management plan has been completed. The Town also offers an incentive program for rental units, presenting an excellent opportunity for developers seeking to include rental housing as part of the project.

Location

Province ON

County Simcoe

Community Penetanguishene

Area Simcoe

Zoning Residential

Exterior

Utilities Available Yes

Lot Frontage 425.0

Lot Depth 691.0

Building

Lot Description Irregular Lot

Others

ParcelsYN No


Listed by LENNARD COMMERCIAL REALTY

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Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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123 Robert ST E