Lot 1 Rutledge Road South Frontenac, Ontario K0H 2T0

$899,900

3 parcels, total of 51 acres (43.586, 7.659, 0.248 acres respectively). Approx. 1,545.88 feet of spectacular waterfront (779.10, 597.05, and 169.73 feet on the island). Approx. 353.07 feet of road frontage. For those seeking swimmable waterfront Lake, accessible by paved municipal road and just 15 minutes from Kingston, this is a rare opportunity- been in family for generations. Two min. from village amenities, this property is in a prime location for building your dream home- several local skilled trades and reputable builders. If interested in potential investment returns, explore your options. Originally independent parcels, now merged under one owner, being sold together, though the island can be sold separately. Located near a Settlement Area, this property may present significant development potential, from a single severance, to multiple severances, or Plan of Subdivision. Currently, the 7-acre waterfront parcel is merged with the 43-acre waterfront parcel but remains naturally divided and is accessible by a private drive built to municipal standards. Given their previous separation, dividing them again may be simple, with the 7-acre lot alone valued at around $395,000. Further development options could include a 2-acre lot with 150 feet off the road frontage, east of 2168 Rutledge Road, valued at approx. $150,000 to $220,000. A 10-acre waterfront lot off the 43-acre parcel, could yield $350,000, while the remaining 31-acre lot is valued at $295,000. This total potential value today is approximately $1,235,000, excluding the island. Consultation with the Township Planning Team or a private planning firm is recommended, as Seller and Listing Brokerage cannot warrant the feasibility of these values or severances. (id:12481)

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https://www.realtor.ca/real-estate/27615593/lot-1-rutledge-road-south-frontenac-frontenac-south-frontenac-south