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Executive Summary
Unique commercially zoned property. 35.09 acres of improved land with an extensive array of existing structures and amenities. Due to Highlands regulations, further subdivision or redevelopment is restricted, making this ideal for a buyer seeking to rehabilitate, restore, or continue use of the existing improvements. At the heart of the property is a Victorian era residence showcasing historic craftsmanship. Home features fireplaces, hardwood flooring, stonework, current permit for 10 furnished rooms in main house. An efficiency apartment in main residence The expansive grounds include several multifamily residential buildings with rental potential, approx 24 one room cabins, and rec hall. The property features sheds, workshops & utility buildings, Additional amenities include designated trailer and RV sites with existing infrastructure, 6 established campsite pads with fire pits. Electric service throughout the grounds supporting a variety of recreational and operational uses including an inground pool with picnic area, hot tub, sun deck, volleyball & shuffleboard courts. The expansive layout and existing features provide flexibility for a variety of permitted uses, The property does require rehabilitation and is best suited for a buyer with vision who understands the value of improving and maintaining existing structures within the Highlands framework. A rare opportunity to acquire a large, improved tract with historic character.
Property Facts
| Price | $3,973,000 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 35.09 AC |
| Property Type | Land | ||
| Zoning | One Family | ||
| Price | $3,973,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 35.09 AC |
| Zoning | One Family |
1 Lot Available
Lot
| Price | $3,973,000 CAD | Lot Size | 35.09 AC |
| Price Per AC | $113,223.14 CAD |
| Price | $3,973,000 CAD |
| Price Per AC | $113,223.14 CAD |
| Lot Size | 35.09 AC |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 27-08300-0000-00016 | Improvements Assessment | $922,265 CAD |
| Land Assessment | $417,000 CAD | Total Assessment | $1,339,265 CAD |
Property Taxes
Parcel Number
27-08300-0000-00016
Land Assessment
$417,000 CAD
Improvements Assessment
$922,265 CAD
Total Assessment
$1,339,265 CAD
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50 Drakestown Rd
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