NEW PRICE - $599,900! Outstanding opportunity to acquire a substantial residential development land assembly in the historic Town of Perth. The offering is anchored by an approximately 2.93-acre primary development parcel, together with several additional parcels of land included in the sale. Significant planning, architectural and engineering work has already been undertaken for multi-residential development of the site, including previous concepts accommodating up to 54 residential units. The existing concepts provide a valuable starting point while allowing a future purchaser to explore a unit mix and development plan suited to today's market, subject to municipal approvals. The primary development lands are zoned R4-24-h, with Site Plan approval and satisfaction of the Holding provisions remaining. Extensive environmental, engineering, traffic, geotechnical, noise, air quality, servicing and other technical studies have been completed, providing a significant head start in the development process. All severances have been completed, with additional lands beyond the primary development parcel included in the sale. Located near established residential neighbourhoods, the Tay River, parks and downtown Perth with its shops, restaurants and amenities. Municipal road access and servicing extensions will form part of the future development process. An excellent opportunity for a builder or developer to acquire a well-studied Eastern Ontario development site with substantial supporting documentation already in place. Full data room, surveys, plans and studies available upon request. (id:28469)
Business
Business Type
Residential
Business Sub Type
Residential
Facts & features
Property
MLS® Number
X13678190
Property Type
Vacant Land
Community Name
907 - Perth
Land
Acreage
No
Size Depth
267 Ft ,5 In
Size Frontage
489 Ft ,11 In
Size Irregular
489.95 X 267.48 Ft
Size Total Text
489.95 X 267.48 Ft
Zoning Description
R4
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Cost of ownership
Est. monthly payment
$2,656/mo
Ontario land transfer tax
$8,473 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.