$2,300,000
Available - For Sale
Listing ID: X12398581
9 James Stre , Norfolk, N3Y 1E1, Norfolk
| Prime development opportunity located in the heart of Simcoe, Norfolk County. 9 James Street is a cleared, shovel-ready 1.399 -acre parcel with designs for a 5-storey, 40-unit mid-rise apartment building.This site has been in the works for a proposed development. A Site Plan Agreement (SPA) is not yet approved, environmental studies including Phase I, II and, III are complete, and a Record of Site Condition (RSC) has been filed and acknowledged by the Ministry. Zoned R2 with site-specific approval, the property allows for high-density residential use. The current design includes 74 surface parking spaces and unit mix options that support rental strategies. The Norfolk County market continues to see strong rental demand with vacancy rates under 2.5 percent, making this a compelling opportunity for purpose-built rental or CMHC co-financed housing. This is one of the few mid-rise development sites available in Norfolk County. Perfect for Developers, investors, and affordable housing proponents. |
| Price | $2,300,000 |
| Taxes: | $6153.45 |
| Tax Type: | Annual |
| Occupancy: | Vacant |
| Address: | 9 James Stre , Norfolk, N3Y 1E1, Norfolk |
| Postal Code: | N3Y 1E1 |
| Province/State: | Norfolk |
| Legal Description: | Plan 150 Lot 7 Lot 8 Pl 182 Pt Rwy Lot 2 |
| Directions/Cross Streets: | James St / Norfolk St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Designated |
| Total Area: | 1.40 |
| Total Area Code: | Acres |
| Area Influences: | Public Transit Recreation/Comm |
| Washrooms: | 0 |
| Sewers: | Sanitary+Storm |
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| KELLER WILLIAMS ADVANTAGE REALTY |
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RAY NILI
Broker
Dir:
(416) 837 7576
Bus:
(905) 731 2000
Fax:
(905) 886 7557
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At a Glance:
| Type: | Com - Land |
| Area: | Norfolk |
| Municipality: | Norfolk |
| Neighbourhood: | Simcoe |
| Tax: | $6,153.45 |
| Fireplace: | N |
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