ATTENTION DEVELOPERS & BUILDERS: Prime 2.91-Acre In-Town Residential Development Opportunity!Here is a rare turnkey development opportunity situated directly beside an established, mature neighborhood in highly desirable Penetanguishene. This 2.91-acre parcel offers a low-risk, high-reward investmen...t with extensive preliminary work already completed and ready for your vision. Land is high, dry, and beautifully treed with a healthy blend of mature coniferous and deciduous species, with select premium lots backing onto a picturesque, forested ravine.The site is designated Development, with municipal water, sewer, and natural gas services available directly adjacent. The Town of Penetanguishene maintains a detailed file on the property supported by extensive completed studies, significantly streamlining your planning process. Access is fully secured as the 1 ft reserve along Mercer Crescent has been removed and integrated into the dedicated street line.A preliminary sketch illustrates potential for 18 detached single-family home lots, though final density remains flexible and determined by your design, subject to Town Planning Department approval. This versatile site also presents an exceptional opportunity for a retirement residence development.Enjoy financial advantages with no HST applicable to the purchase. Situated in a prime, quiet in-town location close to local amenities and Georgian Bay shorelines, all less than a 2-hour drive from Toronto and the GTA. Call today for full details and the complete property file.
Full Property Details
Interior
Washrooms
0
Washrooms
0
Exterior
Depth
199.0
Front
541.0
Acreage
2-4.99
Lot Size
541 x 199.0 ft
Waterfront
None
Parking Spaces
-
Total Parking Spaces
-
Garage Spaces
-
Zoning
DD
Depth
199.0
Front
541.0
Acreage
2-4.99
Lot Size
541 x 199.0 ft
Waterfront
None
Parking Spaces
-
Total Parking Spaces
-
Garage Spaces
-
Zoning
DD
Building Description
Home Type
Lots/Land
Subtype
Vacant Land
Property Orientation
South
Possession Date
No Data
Home Type
Lots/Land
Subtype
Vacant Land
Property Orientation
South
Possession Date
No Data
Community
Community
Penetanguishene
Community
Penetanguishene
Taxes & Fees
Tax Year
2025
Occupancy
Vacant
Tax Year
2025
Occupancy
Vacant
Similar Properties(No results)
Mortgage Calculator
Calculate your estimated monthly mortgage payment
Price
$1,599,900
$
%
%
Total cost of mortgage
$0
Monthly payment
By clicking Save, we will calculate your estimated mortgage for all properties using the saved values (down payment percentage, interest rate, and amortization).
The accuracy and applicability of this calculator are not guaranteed.
