Property

Ownership: For Sale
Type: Land
Bedrooms: Studio
Pets: Pets No

Financials

Price:C6,499,000
($4,735,106.41)
(€4,110,727.94)
Annual Taxes:C9,200
505 Park Ave, New York, NY 10022

Description

169.5 acre parcel uniquely poised for a transformative residential estate subdivision. This site has already undergone preliminary planning review and offers a compelling planning opinion in favor of a 41-lot residential community, enhanced with community-focused amenities including parkland, a clubhouse, edible forest, and community garden. The lands boast over 1 km of road frontage and lie adjacent to the Edenvale Aerodrome, offering both strategic location and rural serenity. Zoned MA-1 with site specific permissions for single detached and apartment dwellings, this opportunity is aligned with evolving provincial Policy statement reforms and the repeal of upper-tier planning authority under Bill 23. Future land use redesignation and servicing approvals present a clear a path for added value and long-term ROI. Whether you're a developer, investor, or land banker seeking prime rural land with embedded development potential, this listing captures the very essence of "More Homes Built Faster.

Amenities

  • Available

169. 5 acre parcel uniquely poised for a transformative residential estate subdivision.


    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.