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18609 Highway 48 East Gwillimbury, Ontario L0G 1M0

99 ac
Fully Air Conditioned Baseboard Heaters Acreage

$6,600,000

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 Albert, 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. (id:61852)

Business

BusinessType Residential
BusinessSubType Residential

Property Details

MLS® Number N12155378
Property Type Vacant Land
Community Name Mt Albert
Features Irregular Lot Size

Building

CoolingType Fully Air Conditioned
HeatingType Baseboard Heaters
SizeInterior 99 Ac

Land

Acreage Yes
Sewer Septic System
SizeDepth 3402 Ft
SizeFrontage 700 Ft
SizeIrregular 99.089
SizeTotal 99.089 Ac
SizeTotalText 99.089 Ac
ZoningDescription Rural

https://www.realtor.ca/real-estate/28327640/18609-highway-48-east-gwillimbury-mt-albert-mt-albert

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Dom Gullo
Broker


Royal LePage Your Community Realty

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