18609 Highway 48

For Sale 62 Days
$6,600,000
99.09 Acre

18609 Highway 48

For Sale 62 Days
$6,600,000
99.09 Acre

Highlights

Key insights

Description

Exceptional 99-Acre parcel located just outside the Mount Albert Official Plan. An extraordinary opportunity to acquire a strategically positioned 99-acre parcel of prime future development land, located in the thriving and fast-growing Town of East Gwillimbury. Nestled in the heart of Mount Albert and surrounded by multiple active and proposed residential developments, this property offers significant potential for long-term capital appreciation. Featuring dual access from both Highway 48 and Centre Street, the site enjoys superb connectivity and ease of access, an increasingly rare combination in such a desirable location. The land currently produces a steady rental income of over $41,000 annually for the farm lease and two updated homes on the property, delivering immediate revenue for investors as they plan for future development potential. With a majority of the land being actively farmed, it is well maintained throughout all four seasons and also benefits from its location at the highest natural elevation in Mount Albert, verified by provincial topographic surveys. This property offers a unique landscape characteristic that may provide added value from both a planning and design perspective. Investor sentiment remains highly positive, with strong confidence in the property's long-term prospects. This reinforces the strategic value of land banking in a region poised for sustained growth and transformation. (id:63267)

DOM GULLO of ROYAL LEPAGE YOUR COMMUNITY REALTY,
#N12155378
updated 1 month ago.
Houseful checked MLS® for data 1 month ago.

Home overview

Amenities / Utilities
  • Cooling
    Fully air conditioned
  • Heat type
    Baseboard heaters
  • Sewer/ septic
    Septic system
Location
  • Subdivision
    Mt albert
Lot/ Land Details
  • Lot dimensions
    99.089
Overview
  • Lot size (acres)
    99.09
  • Listing #
    N12155378
  • Property sub type
    Land
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28327640/18609-highway-48-east-gwillimbury-mt-albert-mt-albert
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-17,600

/ Month
25 Years fixed, 20% down payment, % interest
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