Shovel-Ready residential development opportunity in the Heart of Erin. An exceptional opportunity to acquire a fully approved 2.5 acre residential infill development in one of Ontario's fastest-growing communities. Kensington Estates is 70-unit stacked back-to-back townhouse project with municipal approvals and development credits in place, allowing a purchaser to move directly toward construction. The thoughtfully designed community features four street frontages on Main Street, English Street, Daniel Street and Scotch Street providing excellent visibility access and architectural flexibility. The approved concept includes spacious slab-on-grade townhomes ranging from approximately 1,500 to 1,800 square feet. Slab construction eliminates basement excavation, helping reduce construction timelines and costs while providing highly desirable layouts with oversized garages. Twenty-seven residences have been designed with private elevators, creating a unique product that appeals to downsizers, professionals, families and buyers seeking accessible living. The site is level, cleared and secured, with full municipal services coming soon. Located within walking distance of downtown Erin's Shops, restaurants parks, trails, schools, new library and community amenities, the development offers the lifestyle today's buyers are seeking while remaining within community distance of the GTA via nearby GO Transit connections. Surrounded by established residential neighborhoods and directly across from the Erin agricultural Society grounds, Kensington Estates is ideally positioned to meet the growing demand for quality housing in this thriving community. With very few comparable shovel-ready development opportunities available in the region, this is a rare chance for builders and investors to capitalize on a approved project and accelerate their development timeline. (id:51075)
Vacant landProperty Type
2.5 acresLot Size
$3,200,000Price/Acres
Listed by PERRY MEEKER• RE/MAX REAL ESTATE CENTRE INC.
Listed by ALLAN ALLS• RE/MAX REAL ESTATE CENTRE INC.
Shovel-Ready Townhouse Development with Approvals in the Heart of Erin! Fully approved and shovel ready, this exceptional 2.5-acre residential infill site comes with municipal credits in place ready for immediate action. Kensington Square is a planned 70-unit stacked back-to-back townhouse community with four street frontages (English, Daniel, Scotch, and Main) offering maximum exposure and design flexibility. The property is flat, cleared, secured, and centrally located walkable to Main Street shops, the new Erin Public School, trails, and community amenities, with convenient GO Train access nearby. Surrounded by established neighbourhoods and across from the Erin Agricultural Society fairgrounds, its ideally positioned for demand. Proposed homes are approx. 1,500-1,800 sq ft slab-on-grade designs, reducing build time and costs while delivering spacious layouts, extra-deep garages and accessible pricing. Twenty-seven of the 70 units feature private elevators, appealing to a wide market segment. This is a rare, ready-to-build opportunity in a thriving, walkable community with minimal comparable supply.
TREB #X7207252
Oct 11, 2023
Listed
$10,500,000
$5,250,000/sq ft
As the MLS and public records start to fill up, we'll list the details here.