V/l Mersea Rd 5

For Sale New 2 hours
$5,975,000

V/l Mersea Rd 5

For Sale New 2 hours
$5,975,000

Highlights

Key insights

Description

This expansive 19.4-acre parcel of vacant land offers an incredible development opportunity, situated in an area slated for a zoning change to C4, which will permit the construction of up to 270,286 square feet of building space. The final zoning approval will unlock a range of commercial, retail, and mixed-use possibilities for this prime property. In addition to the development potential, the land currently generates an income of approximately $5,000 per year from its well, providing a steady revenue stream. With its ample size and prime zoning status on the horizon, this site represents a rare opportunity for investors and developers to capitalize on a high-growth area. (id:63267)

ARON BLATZ of CENTURY 21 LOCAL HOME TEAM REALTY INC.,
#25024253
updated 2 hours ago.
Houseful checked MLS® for data 2 hours ago.

Home overview

Amenities / Utilities
  • Sewer/ septic
    Unknown
Location
  • Directions
    2164940
Overview
  • Lot size (acres)
    0.0
  • Listing #
    25024253
  • Property sub type
    Land
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28901501/vl-mersea-rd-5-leamington
  • 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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$-15,933

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