Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

9 James Street, Norfolk, ON N3Y 1E1 (James St / Norfolk St)
$ 1850000 - MLS : X12568226

From Our Gallery

Description

Prime development opportunity located in the heart of Simcoe, Norfolk County. 9 James Street is a cleared, shovel-ready1.399 -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.

Location Description

James St / Norfolk St

Property Detail

Community: Simcoe
Property Type: Vacant/Commercial
Annual Property Taxes : $ 6153.45

Lot dimensions: sqft
Baths:

Facts and Features

Amenities

Sewer : Sanitary+Storm ,
Cooling :

Listing Contracted With: KELLER WILLIAMS ADVANTAGE REALTY

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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