18609 Highway 48, East Gwillimbury, Ontario, Canada, L0G1M0
3,495,000
for Sale
About the property:
Exceptional 99-Acre parcel located just outside the Mount Albert Official Plan. An extraordinary opportunity to acquire a strategically positioned 99-acre parcel of prime future development land, located in the thriving and fast-growing Town of East Gwillimbury. Nestled in the heart of Mount Albert and surrounded by multiple active and proposed residential developments, this property offers significant potential for long-term capital appreciation. Featuring dual access from both Highway 48 and Centre Street, the site enjoys superb connectivity and ease of access-an increasingly rare combination in such a desirable location. The land currently produces a steady rental income of over $41,000 annually for the farm lease and two updated homes on the property, delivering immediate revenue for investors as they plan for future development potential. With a majority of the land being actively farmed, it is well maintained throughout all four seasons and also benefits from its location at the highest natural elevation in Mount Albert-as verified by provincial topographic surveys. This property offers a unique landscape characteristic that may provide added value from both a planning and design perspective. Investor sentiment remains highly positive, with strong confidence in the property's long-term prospects. This reinforces the strategic value of land banking in a region poised for sustained growth and transformation.
Extra info:
Homes sold in "as is" condition.
Land
false
- Property Type:
- Land
- Status:
- for Sale
- Land Size:
- 700 x 3402 FT ; 1350ft. Frontage on Centre St.
- Business Type:
- Residential
- Heating Type:
- Baseboard
- Cross Street:
- Hwy. 48 & Mount Albert Rd.
- Annual Property Taxes:
- 4,350
- Listing ID:
- N13687498
Rooms
Dimensions
Brokered by:
Remax Your Community Realty
Source: TRREB/PROPTX
Presented By: