S1/2 LT 56

Toronto W10 | Mount Olive-Silverstone-Jamestown | N0A 1R0
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$4,500,000

Est. Mtg $15,258 /mo
  • Days on market

    62

  • Status

    New

Listing Broker ROYAL LEPAGE NRC REALTY
Since listed: 2 views

Home details

MLS #:

W11991646

Property type:
Vacant Land
Style:
Taxes:
$1,424
Possession:
Flexible
Lot Front:
339.54   Feet
Lot Depth:
3137.86   Feet
Basement:
|
Driveway Pkg:
0
Heat:
|

Description


S1/2 LT 56, , Toronto, Ontario is a Vacant Land property in Toronto W10 and in the Mount Olive-Silverstone-Jamestown community in the N0A 1R0 postal code


Fantastic opportunity for Developers and Builders with this prime ~88-acre parcel of land situated near the main intersection at Empire Corners on Highway 56 just 10 min south of Binbrook and all amenities. Also, adjacent to one of Haldimand County's most prestigious developments; know as Empire Country Estates, consisting of 41 luxurious multi-million-dollar custom homes. Features stunning vistas and rolling farmland with some forest. With the Provincial Governments promise to increase housing supply and their goal of building 1.5 million homes by 2031, this parcel offers tremendous potential for a large residential development/subdivision or country estate building-lots in the near future. The property is Zoned Agricultural with approximately 65 acres currently being used for cash crop, ~23 acres of forest and ~1417 feet of frontage along HWY 56 with natural gas & hydro available. Tenant farmer shall be allowed to harvest existing crop. Located 20 minutes south of Hamilton and the LINC with easy access to Hwy 403/Toronto. Also, close to 2 golf courses, near the Grand River en-route to Lake Erie. The Buyer is responsible to complete their own due diligence regarding a Zoning Amendment, intended future development, severances, and any plan of subdivision. A rare and potentially lucrative investment opportunity! Can be sold together with 60 acre parcel nearby on Haldimand Rd 9 MLS #X11991252.

Extras

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History

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List Date End Date List Price End Price Status MLS #
2025-02 2025-02 $4,500,000 $4,500,000 New W11991646

Comparables

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sold Date Address List Price sold Price DOM

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Toronto W10 :

Average sale price

$1,220,214

Properties sold

1,353

New Listings

3,055

Days on Market

16

Sale $ / List $

102%

Year on Year Growth

-4.85%



Estimated running costs for S1/2 LT 56

Based on available 3rd party data

$15512

Approximate costs per month

Mortgage
$15258 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$118 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker ROYAL LEPAGE NRC REALTY
Data Source: TRREB

Payment calculator

$15377 monthly. In association with: TD Bank
%
  • Principal and Interest
    15258 /mo
  • Property Taxes
    $118 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Ben Pourkamali, Realtor

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