447 Hill Street St Clair, Ontario N0N 1G0

$1,999,999

WELCOME TO 447 HILL STREET A RARE 50-ACRE OPPORTUNITY LOCATED BETWEEN HIGHWAY 40 AND THE VIBRANT RIVERSIDE COMMUNITY OF CORUNNA. THIS EXCEPTIONAL PROPERTY OFFERS SIGNIFICANT FUTURE DEVELOPMENT POTENTIAL WITHIN THE CORUNNA URBAN CENTRE, AS DESIGNATED UNDER THE COUNTY OF LAMBTON OFFICIAL PLAN. SITUATED WITHIN THE URBAN CENTRE BOUNDARY AND IN CLOSE PROXIMITY TO EXISTING RESIDENTIAL DEVELOPMENTS, THIS PROPERTY PRESENTS A STRATEGIC LONG-TERM INVESTMENT OPPORTUNITY. WHILE THE PROPERTY IS CURRENTLY ZONED A1 AGRICULTURAL UNDER THE TOWNSHIP OF ST. CLAIR OFFICIAL PLAN, LANDS WITHIN THE URBAN CENTRE MAY PROCEED TOWARD FUTURE DEVELOPMENT THROUGH TOWNSHIP-LEVEL OFFICIAL PLAN AMENDMENT AND ZONING BY-LAW AMENDMENT APPLICATIONS, WITHOUT REQUIRING A COUNTY-LEVEL URBAN BOUNDARY EXPANSION. BUYERS ARE ENCOURAGED TO COMPLETE THEIR OWN INDEPENDENT PLANNING DUE DILIGENCE. AN EXISTING ROGERS COMMUNICATIONS CELL TOWER LAND LEASE PROVIDES ATTRACTIVE PASSIVE INCOME THROUGHOUT ANY FUTURE PLANNING AND APPROVAL PROCESS. APPROXIMATELY 30 ACRES OF WORKABLE FARMLAND IS CURRENTLY LEASED, MAINTAINING PRODUCTIVE AGRICULTURAL USE WHILE PRESERVING THE PROPERTY'S LONG-TERM POTENTIAL. IDEALLY SUITED FOR A RESIDENTIAL DEVELOPER, BUILDER, FARMER, OR LAND INVESTOR SEEKING A STRATEGIC LAND HOLDING IN SOUTHWESTERN ONTARIO. WITH ITS COUNTY OFFICIAL PLAN URBAN CENTRE DESIGNATION, INCOME-GENERATING FEATURES, AND STRONG FUTURE UPSIDE, THIS PROPERTY REPRESENTS A COMPELLING OPPORTUNITY FOR FUTURE GROWTH. PRICE + HST. (id:12481)

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https://www.realtor.ca/real-estate/30065306/447-hill-street-st-clair