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Description
Prime Medium density development site in the Vision Georgetown Secondary plan allowing standard townhomes, back to back, stacked, 5 story condo or purpose build rental. Also allows long term care homes and retirement homes. Corner property on Trafalgar and major arterial road. Seller has concept plan for 281 units in six story building. Two homes currently generating $60,000 gross income with potential to increase to $78,000 with leasing of 2 workshops. Seller willing to hold 70% financing at 2% interest for a 3 year term. Block plans to be submitted for whole secondary plan by late spring with servicing to commence in fall of spring of 2025. Property includes 10617 and 10641 Trafalgar Road. Pls Do not walk the property without notice.
Overview
Property ID:
HML-728023301294
Type:
Land
Square:
3 ft2
Price:
$9,800,000
PropertyType:
Commercial
TransactionType:
For Sale
BuildingAreaUnits:
Acres
Cooling:
Heating:
Unknown
ParkingFeatures:
Unknown
YearBuilt:
Unknown
TaxAnnualAmount:
11780.8
PossessionDetails:
TBA
Contact Agency
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