Property Details

LOT 29 MOUNT HOPE Road, Palgrave, Ontario, L7B1A8

LOT 29 MOUNT HOPE Road, Palgrave, Ontario, L7B1A8 (ID 40397920)
Representative
RE/MAX 3000 Ltd./Lte
Office
RE/MAX 3000 Ltd.
Tel: 506-624-2500
Website

$9,950,000 - For sale

MLS®#:40397920

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:2471)

Location DescriptionS of Hwy 9 E of Hwy 50 N of Doctor Reynar. South of 17654 Mount Hope Rd. Be mindful of your parking across the road on the lawn. No Direct entry to the property from Mount Hope BUT there is access to see off Doctor Reynar Road end of the Cul de Sac.

Property Details
  • Property Address:LOT 29 MOUNT HOPE Road, Palgrave, Ontario, L7B1A8
  • Property Type:Vacant Land
  • Title:Freehold
  • Lot Size:31.96 acres
  • Sewage Type:No sewage system
  • Access:Road access, Highway Nearby
Structure Details for LOT 29 MOUNT HOPE Road, Palgrave, Ontario, L7B1A8
  • Basement Type:None
Amenities for LOT 29 MOUNT HOPE Road, Palgrave, Ontario, L7B1A8 Country residential, Quiet Area, School Bus
  • Amenities Nearby:Shopping
Representative
RE/MAX 3000 Ltd./Ltée
Office
RE/MAX 3000 Ltd.
Tel: 506-624-2500
Website
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LOT 29 MOUNT HOPE Road, Palgrave, Ontario, L7B1A8

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