170 Victoria St E
New Tecumseth, L0M1K0
For Sale
$2,789,000
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Designated
CATEGORY33,394 Sq Ft
TOTAL AREAN8058592
MLSIDContact Us
Property Description
Unique Development Site In Downtown Alliston! Two Possible Developments Can Occur: 1) Approx 36 Stacked Townhomes With Interior Courtyard - As Of Right Based On Current Zoning! 2) Approx 60 Unit Mixed Use Building With Commercial On The Ground Floor - Zoning Amendment Would Be Required. Township Has Shown Keen Interest In Developing This Site Into Either Option. Renderings And Massing Have Been Completed For The Building Option As Per The Townships Requirements. Take Advantage Of The Lack Of New Supply Of Housing Being Constructed In New Tecumseth! Two Property Land Assembly - Includes 21 Boyne Street. Downtown Commercial Transition (DCT) and Lowrise Residenital (LR). Quick Access To Highway 400 And Other Major Centers Attracts Large Employers Into The Area Such As: Honda Of Canada Manufacturing, Baxter Canada, F&P Manufacturing, And Stevenson Memorial Hospital. Honda Anticipated To Further Increase Their Investments In The Manufacturing Of Electric Vehicles Upwards Of $18 Billion.
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Extras
New Tecumseth Is Currently Home To Over 40,000 People And Grew By 28.4% Between 2016 And 2022. Similar Growth Rates (24.3%) Are Expected To Continue Over The Coming Decade, With New Tecumseth's Population Projected To Near 60,000 By 2032.
Property Details
Category
Designated
Usage
Residential
Zoning
Urban Highway Commercial
Total Area
33,394 Sq Ft
Lot Size
131' x 237'
Taxes
$9,600 (2023)
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Listing contracted with Re/Max Realtron Realty Inc.
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