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9 James Street Norfolk, Ontario N3Y 1E1

1 ac
Acreage

$1,850,000

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:12481)

Property Details

MLS® Number X12568226
Property Type Vacant Land
Community Name Simcoe
AmenitiesNearBy Public Transit, Recreation
Features Irregular Lot Size

Building

SizeInterior 1 Ac
UtilityWater Municipal Water

Land

Acreage Yes
LandAmenities Public Transit, Recreation
SizeFrontage 40 Ft ,9 In
SizeIrregular 1.399
SizeTotal 1.399 Ac
SizeTotalText 1.399 Ac
ZoningDescription Residential /commercial

https://www.realtor.ca/real-estate/29128238/9-james-street-norfolk-simcoe-simcoe

Contact Us

Get in touch with us for more information!


Phil Spoelstra
Broker of Record

(519) 870-7325
(519) 667-1958
www.farmontario.com

RE/MAX Centre City Phil Spoelstra Realty, Brokerage
34 Grandview Crescent
London, Ontario N6K 2Y2

(519) 667-1800
(519) 667-1958
www.farmontario.com

Ron Steenbergen
Broker

(226) 234-8239
(519) 667-1958
www.farmontario.com/

RE/MAX Centre City Realty Inc., Brokerage
675 Adelaide Street North
London, Ontario N5Y 2L4

(519) 667-1800
(519) 667-1958
www.centrecityrealty.com