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. (id:52316)
KELLER WILLIAMS ADVANTAGE REALTY
$1,850,000
9 JAMES STREET, Norfolk, Ontario
Property
MLS® Number: X12568226
Address: 9 JAMES STREET
City: Norfolk
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Property Sale History
Travel and Neighbourhood
70/100Walk Score®
Very Walkable
Location
