53 MERCER CRESCENT
Penetanguishene, Ontario
MLS® S13626266
$1,599,900
- Status
- Active
- Property type
- Vacant land
- MLS® number
- S13626266
- Bedrooms
- —
- Bathrooms
- 0
- Year built
- —
1 / 9Listing description
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 investment 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.
Property summary
- MLS® number
- S13626266
- Property type
- Vacant Land
- Land size
- 541 x 199 FT
- Days on market
- 64 days
What would this home cost you?
Based on the $1,599,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Royal LePage In Touch Realty, TINY.
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.