Situated immediately off Highway 401 on Highway 34, this highly visible approx. 2.88-acre lot sits in the heart of Lancaster's commercial area. This prime site has been rezoned to General Commercial to allow for retail, drive-thrus, medical clinics, multi-tenant plazas, offices or mixed-use projects. Complete with municipal water and sewer available, seamless access to Hwy 401, the site is exceptionally well-suited to capture interprovincial commuter, local, and regional traffic between Montreal and Cornwall. This property presents a rare opportunity for investors or developers to establish a high-exposure business or pursue a high-yield development in a thriving, well-connected community. (id:28469)
Virtual tour
Facts & features
Property
MLS® Number
X13665350
Property Type
Vacant Land
Community Name
722 - Lancaster
Amenities Near By
Highway
Features
Irregular Lot Size
Building
Size Interior
3 Acres
Utility Water
Municipal Water
Land
Acreage
Yes
Land Amenities
Highway
Size Depth
611 Ft ,2 In
Size Frontage
299 Ft ,2 In
Size Irregular
2.88
Size Total
2.88 Ac
Size Total Text
2.88 Ac
Zoning Description
Commercial General
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
$6,194/mo
Ontario land transfer tax
$24,455 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.