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$6,600,000
Est. payment /mo
99 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 99 sqft
Price per Sqft $66,666
Subdivision Mt Albert
MLS Listing ID N12155378
Annual Tax Amount $4,351
Tax Year 2024
Property Sub-Type Land
Property Description
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 Alberta, 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.
Location
Province ON
County York
Community Mt Albert
Area York
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 700.0
Lot Depth 3402.0
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Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY