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Est. payment | /mo
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 26016852
Property Sub-Type Freehold
Property Description
WELCOME TO 447 HILL STREET A RARE 50-ACRE OPPORTUNITY LOCATED BETWEEN HIGHWAY 40 AND THE VIBRANT RIVERSIDE COMMUNITY OF CORUNNA. THIS EXCEPTIONAL PROPERTY OFFERS SIGNIFICANT FUTURE DEVELOPMENT POTENTIAL WITHIN THE CORUNNA URBAN CENTRE, AS DESIGNATED UNDER THE COUNTY OF LAMBTON OFFICIAL PLAN. SITUATED WITHIN THE URBAN CENTRE BOUNDARY AND IN CLOSE PROXIMITY TO EXISTING RESIDENTIAL DEVELOPMENTS, THIS PROPERTY PRESENTS A STRATEGIC LONG-TERM INVESTMENT OPPORTUNITY. WHILE THE PROPERTY IS CURRENTLY ZONED A1 AGRICULTURAL UNDER THE TOWNSHIP OF ST. CLAIR OFFICIAL PLAN, LANDS WITHIN THE URBAN CENTRE MAY PROCEED TOWARD FUTURE DEVELOPMENT THROUGH TOWNSHIP-LEVEL OFFICIAL PLAN AMENDMENT AND ZONING BY-LAW AMENDMENT APPLICATIONS, WITHOUT REQUIRING A COUNTY-LEVEL URBAN BOUNDARY EXPANSION. BUYERS ARE ENCOURAGED TO COMPLETE THEIR OWN INDEPENDENT PLANNING DUE DILIGENCE. AN EXISTING ROGERS COMMUNICATIONS CELL TOWER LAND LEASE PROVIDES ATTRACTIVE PASSIVE INCOME THROUGHOUT ANY FUTURE PLANNING AND APPROVAL PROCESS. APPROXIMATELY 30 ACRES OF WORKABLE FARMLAND IS CURRENTLY LEASED, MAINTAINING PRODUCTIVE AGRICULTURAL USE WHILE PRESERVING THE PROPERTY'S LONG-TERM POTENTIAL. IDEALLY SUITED FOR A RESIDENTIAL DEVELOPER, BUILDER, FARMER, OR LAND INVESTOR SEEKING A STRATEGIC LAND HOLDING IN SOUTHWESTERN ONTARIO. WITH ITS COUNTY OFFICIAL PLAN URBAN CENTRE DESIGNATION, INCOME-GENERATING FEATURES, AND STRONG FUTURE UPSIDE, THIS PROPERTY REPRESENTS A COMPELLING OPPORTUNITY FOR FUTURE GROWTH. PRICE + HST. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Others
Ownership Freehold
Listed by Royal LePage Key Realty
Nearby Locations
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