Norwood Commercial Properties for Sale

Commercial Real Estate in Norwood available for sale

Norwood Commercial Property for Sale

105 County Rd 40

Norwood, ON K0L 2V0

Land for Sale
$2,800,000 CAD
7.80 AC Lot

Norwood Land for Sale - Eastern GGH

CBRE Limited is pleased to offer for sale, 105 County Road 40 in Norwood, Ontario, a village of Peterborough County. The Site is located within the existing Settlement Boundary of the Township of Asphodel-Norwood. The Property is located on the popular Norwood Mill Pond, set back in a beautiful private estate improved with multiple dwellings. These dwellings will yield holding income prior to the development of the Site; development and intensification of the Site has been encouraged by the municipality. In consultation with the municipality, the owner has severed two parts of the Property in to one + 0.63-acre parcel and one + 0.666-acre parcel of higher-density residential land (apartments). The balance of the development area permits single detached homes. Municipal services are available at the lot line, sewage capacity upgrades are currently being undertaken as a result of the neighbouring new subdivisions on the other side of County Road 40. Recent sale prices in the subdivisions have been in excess of $1,000,000. The Site offers a unique opportunity to acquire a private estate in the core of a rapidly growing Township of Peterborough, with residential development permissions that will yield premium waterfront lots.