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39 Yeo St - 39 Yeo Street 4.46 Acres of Commercial Land Offered at $1,299,000 CAD in Penetanguishene, ON L9M 1C7
Property Facts
| Price | $1,299,000 CAD | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 4.46 AC |
| Property Type | Land | ||
| Zoning | R1 & Deferred Development | ||
| Price | $1,299,000 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Single Family Development |
| Total Lot Size | 4.46 AC |
| Zoning | R1 & Deferred Development |
1 Lot Available
Lot
| Price | $1,299,000 CAD | Lot Size | 4.46 AC |
| Price Per AC | $291,255.61 CAD |
| Price | $1,299,000 CAD |
| Price Per AC | $291,255.61 CAD |
| Lot Size | 4.46 AC |
Description
A rare strategic acquisition for the savvy developer or land-banker! This massive 4.468-acre infill parcel is situated in the heart of Penetanguishene, surrounded by established residential neighborhoods. Uniquely positioned to offer suplimental cash flow, the property features a standalone 3 bedroom residence currently generating $2,360 per month in rental income-providing an excellent carry while you navigate the planning process.Currently zoned R1 and Deferred Development (D), these retained lands represent one of the last significant intensification opportunities within the Primary Settlement Area. With municipal services at the lot line and close proximity to the waterfront and downtown core, the potential for a multi-lot severance or residential project is immense (subject to Town approval). Secure a holding property today and build for tomorrow. Buyer to conduct their own due diligence regarding rezoning and future use.
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39 Yeo St - 39 Yeo Street
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