Lot 29 Mount Hope Road Palgrave, Ontario L7B 1A8
$9,950,000
Discover the perfect potential 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 Doctor Reynar Rd 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 municipal water and natural gas connections at the lot line, Take advantage of this unique chance 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 investment possibilities. Development changes, rezoning, servicing, and HST are the responsibility of the buyer. The Town of Caledon by-law identifies this property as A2 - ORM and EPA 2 - ORM, with Farm tax credits applied. The vendor may consider offering a 1st Vendor Take Back (VTB) mortgage for a qualified buyer. Access the property just south of 17654 Mount Hope Rd, but exercise caution when parking on the road. You can also walk up off Doctor Reynar Cul-de-sac but be respectful of the neighbours. Don't miss this outstanding investment opportunity in Caledon's vibrant real estate market. (id:49454)
Property Details
| MLS® Number | 40397920 |
| Property Type | Vacant Land |
| Amenities Near By | Shopping |
| Community Features | Quiet Area, School Bus |
| Features | Country Residential |
Building
| Basement Type | None |
Land
| Access Type | Road Access, Highway Nearby |
| Acreage | Yes |
| Land Amenities | Shopping |
| 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 |
| Zoning Description | A2-orm, Epa2-orm |
Utilities
| Cable | Available |
| Natural Gas | Available |
https://www.realtor.ca/real-estate/25440417/lot-29-mount-hope-road-palgrave
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May 18 2023 03:56:46
Guelph & District Association of REALTORS®
Royal LePage Meadowtowne Realty Brokerage