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Lot 29 Mount Hope Road Palgrave, Ontario L7B 1A6

Acreage

$9,950,000

Discover the perfect development opportunity in Caledon! This prime 31.96-acre land parcel is situated just east of Hwy 50 and south of Hwy 9, adjacent to the northern side of the existing subdivision. Nestled within Palgrave's prestigious Residential Estate Community Policy Area 3, this site offers exceptional potential for a new subdivision, in line with the official plan. The property benefits from available municipal water and natural gas connections in the area, and development plans to build luxurious executive homes in a flourishing neighborhood. Potential density bonuses are contingent upon a required natural heritage evaluation and site development design. With 439 ft of frontage on Mount Hope Road, this expansive property offers limitless possibilities. A survey is available on file for your convenience. The vendor may consider offering a 1st VTB mortgage for a qualified buyer. Don't miss this outstanding investment opportunity in Caledon's vibrant real estate market. The Town of Caledon by-law describes this property as A2 - ORM and EPA 2 - ORM. Access the property off Doctor Reynar cul de sac & south of 17654 Mount Hope Rd, but exercise caution when parking on the road. (id:49454)

Property Details

MLS® Number 40563625
Property Type Vacant Land
Features Country Residential

Building

Basement Type None
Utility Water None

Land

Access Type Road Access
Acreage Yes
Sewer No Sewage System
Size Depth 2211 Ft
Size Frontage 439 Ft
Size Irregular 31.96
Size Total 31.96 Ac|25 - 50 Acres
Size Total Text 31.96 Ac|25 - 50 Acres
Soil Type Loam
Zoning Description A2-orm; Epa2-orm

Utilities

Cable Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/26734989/lot-29-mount-hope-road-palgrave