Commercial Land for Sale

MLS# H4160974 Price: $15,999,000

Property Description

Seize this incredible opportunity to acquire 28+/- acres of future development land in Smithville, Ontario. The Official Plan Amendment (OPA 62 & 63) for Smithville sets out 540 total hectares of new development lands with a target of 60% low density, 35% medium density, & 5% high density residential housing mix. The projected growth for Smithville under the new plan is 29,030 inhabitants and 7,360 jobs by 2051. The planned uses for the subject property are; Residential, Open Space, Recommended Restoration Area & a Conceptual Buffer. The “Residential” place-type is intended to provide opportunities for the development of low-rise, ground-related residential land uses. Areas designated “Residential” shall be planned to achieve an overall density of between 15 & 20 dwelling units per hectare. The following uses shall be permitted; single detached dwellings, semi-detached dwellings, duplex dwellings, & townhouse dwellings. The subject property is located in Block 1A of Phase One. It is located in the NW quadrant of the proposed Smithville Master Community Plan and is to be one of the first sites to receive water and sewer infrastructure. With a coveted location, this property boasts easy access to arterial roads & is situated near schools, & community recreation facilities. The land is cleared and features level topography, making it ideal for development.

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Property Details: 2967 South Grimsby Rd 5 Road (near Highway 20 )
Listing# 63231


Address 2967 South Grimsby Rd 5 Road
City Smithville
Cross Streets Highway 20
District Grimsby (54)
Neighbourhood Grimsby Escarpment (055)
Listing Agents David Boersma / Mark Meindersma


Sub Type Commercial Price $ 15,999,000
Lease Rate Per For Sale LotSize 559.17ftx163.31x318.60x1193.44ftx894.49ftx1362.64f
Location Smithville

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Notice! Information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy we regret that we cannot guarantee it. All information subject to change and/or withdrawal without notice.