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Renanza Realty
For sale

185 MAIN STREET

Erin, Ontario

MLS® X13558268

$8,000,000

Status
Active
Property type
Vacant land
MLS® number
X13558268
Bedrooms
—
Bathrooms
—
Year built
—

Listing description

Shovel-Ready residential development opportunity in the Heart of Erin. An exceptional opportunity to acquire a fully approved 2. 5 acre residential infill development in one of Ontario's fastest-growing communities.

Kensington Estates is 70-unit stacked back-to-back townhouse project with municipal approvals and development credits in place, allowing a purchaser to move directly toward construction. The thoughtfully designed community features four street frontages on Main Street, English Street, Daniel Street and Scotch Street providing excellent visibility access and architectural flexibility. The approved concept includes spacious slab-on-grade townhomes ranging from approximately 1,500 to 1,800 square feet.

Slab construction eliminates basement excavation, helping reduce construction timelines and costs while providing highly desirable layouts with oversized garages. Twenty-seven residences have been designed with private elevators, creating a unique product that appeals to downsizers, professionals, families and buyers seeking accessible living. The site is level, cleared and secured, with full municipal services coming soon.

Located within walking distance of downtown Erin's Shops, restaurants parks, trails, schools, new library and community amenities, the development offers the lifestyle today's buyers are seeking while remaining within community distance of the GTA via nearby GO Transit connections. Surrounded by established residential neighborhoods and directly across from the Erin agricultural Society grounds, Kensington Estates is ideally positioned to meet the growing demand for quality housing in this thriving community. With very few comparable shovel-ready development opportunities available in the region, this is a rare chance for builders and investors to capitalize on a approved project and accelerate their development timeline.

Property summary

MLS® number
X13558268
Property type
Vacant Land
Square footage
2 sq ft
Land size
2.5 acres
Annual property taxes
$9,284.00
Days on market
81 days

What would this home cost you?

Based on the $8,000,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$37,223 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of RE/MAX REAL ESTATE CENTRE INC., ERIN.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.