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Listed by David Boersma • RE/MAX Escarpment Realty Inc.
$15,999,000
Est. payment /mo
UPDATED:
10/16/2024 05:50 AM
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID XH4160974
Originating Board Hamilton - Burlington
Annual Tax Amount $768
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.
Location
Province ON
County Niagara
Area Grimsby
Zoning Residential/Open Space/Agricultural
Direction East on Hwy 20, North on South Grimsby Road 5
Interior
Fireplace No
Exterior
Lot Frontage 894.0
Lot Depth 1362.0
Garage No
Building
Lot Description Urban
Faces East on Hwy 20, North on South Grimsby Road 5
New Construction No
Others
Senior Community No
Tax ID 460550756
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Doug Folsetter
Sales Representative | License ID: 4729737
Sales Representative License ID: 4729737