$ 1,250,000
815 Elgin ST Chatham-kent, ON N8A 3C8
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,250,000
Est. payment /mo
Active
815 Elgin ST Chatham-kent, ON N8A 3C8
2 SqFt
UPDATED:
08/22/2024 07:34 PM
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 2 sqft
Price per Sqft $625,000
MLS Listing ID X8345920
Tax Year 2024
Property Description
Shovel ready site in the heart of Wallaceburg. Approval is for a 52 rental row house development with building permits for the 52 units are ready to be issued upon payment of Development Charges. Each row house consists of 17 two storey units each with an accessory basement suite. Development Charge payable at 50% of posted rates as the property is within the CIP boundary. Ten year tax freeze for the property once constructed. Six units are accessible units to meet CMHC funding requirements. Approved zoning is RM1-1633 Residential Medium Density Zone with a special provision 1633. The project planning and design has been completed successfully to maximize the local Municipality benefits to rental initiatives as well as requirements of CMHC funding. All necessary studies including rental study, construction budget report, tenders to trades have been completed. All documents available upon execution of CA by buyer. Seller will consider VTB or a forward build.
Location
Province ON
County Chatham-kent
Zoning RM1-1633
Exterior
Utilities Available Available
Listed by COLLIERS SOUTHWESTERN ONTARIO, BROKERAGE
418 Iroquois Shore Rd Suite 103, Oakville, L6H, 0X7, Canada