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Great development opportunity

14994 Highway 48 -

This property has the potential for 5 lots. It is approximately 3.6 acres. The town allows for 3 lots with an Official Plan Amendment. The abutting development was granted half acre lots. So with an amendment there is the possibility for more. There are currently 3 buildings on the property. The main house is a currently rented for just over $1,700 plus utilities, and would like to stay on while the property is developed. The house is on the heritage inventory list. This portion could be severed and sold separately as 1 lot. There is a double car garage with a 1 bedroom flat attached. This has been rented for $1,200/mth inclusive. There is also a 30 X 60 warehouse that is insulated and heated. It could be rented for about $2,000. There are currently 3 electrical services on the property and 2 gas meters.

Executive lots are selling for around 1.250,000. Finished build are selling in the adjacent development for over $2,750,000. This is a rare property that can be developed in Stouffville.

Property Details

  • Property ID: 101216064
  • New Construction: No
  • Style: Residential
  • Neighbourhood: Ballantrae
  • Status: Active
Listed By Mike Andrews of CENTURY 21 Leading Edge Realty Inc., Brokerage*