$1,150,000
 $6,173 est/mo Sourced by Back At You

48 King Street , Tiverton, ON N0G 2T0

Tiverton, ON N0G 2T0

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Description

This exceptional parcel presents a unique development opportunity, where vision meets demand in the heart of Tiverton. As an investor or developer, this property represents a strategic acquisition in an area poised for significant growth. The existing infrastructure, including the availability of municipal sewer and water, enhances the site's development potential, reducing preliminary project costs and complexities. Currently hosting an old house and a well-maintained storage shed, the land offers immediate utility while planning for future development. The driveway features a 330-foot long, 25-foot wide road owned by Kincardine Municipality, providing a unique advantage. For potential buyers looking to maximize the property's potential, subdividing the front portion could dramatically increase its frontage, offering enticing possibilities for diverse and profitable development projects. Whether you're looking to build a quaint neighborhood of single-family homes, create a community of semi-detached residences, or erect a modern apartment complex, this property can accommodate various development projects. The proximity to major local employers like Bruce Power and the thriving towns of Port Elgin and Kincardine adds to the appeal, ensuring a steady demand for residential units. This makes it an excellent prospect for long-term investment. Capitalize on the growth trajectory of Tiverton with this versatile and promising land. Act now to transform this site into a thriving residential hub in one of the most sought-after areas for new homes. **The estate is strategically divided, with one half zoned for R1 residential purposes, while the remaining portion is reserved for potential developmental endeavors.**

Details

MLS#40569594
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Days On Site94
Listing Provided ByReal Broker Ontario Ltd. | Nick Bergmann

Features

ZoningRA,PD
Acreage2.80
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 4 minutes ago
ProvinceON
CountyBruce
CityTiverton
Postal CodeN0G 2T0
AreaKincardine
SubareaKincardine
Community NameKincardine
Listing VS Median (in Kincardine)
Price:
$1,150,000
low | high
Med:
$699,000
89.217391304348% of Average
On Site:
94
low | high
Med:
154.000000
61.038961038961% of Average
Sourced by Back At You
Listing Updated: July 23, 2024 at 7:00:12 PM PDT