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48 King Street Tiverton, Ontario N0G 2T0

Acreage

$1,299,900

This exceptional parcel presents a unique development opportunity, where vision meets demand in the heart of Tiverton. As an investor or developer, this property represents a strategic acquisition in an area poised for significant growth. The existing infrastructure, including the availability of municipal sewer and water, enhances the site's development potential, reducing preliminary project costs and complexities. Currently hosting an old house and a well-maintained storage shed, the land offers immediate utility while planning for future development. The driveway features a 330-foot long, 25-foot wide road owned by Kincardine Municipality, providing a unique advantage. For potential buyers looking to maximize the property's potential, subdividing the front portion could dramatically increase its frontage, offering enticing possibilities for diverse and profitable development projects. Whether you're looking to build a quaint neighborhood of single-family homes, create a community of semi-detached residences, or erect a modern apartment complex, this property can accommodate various development projects. The proximity to major local employers like Bruce Power and the thriving towns of Port Elgin and Kincardine adds to the appeal, ensuring a steady demand for residential units. This makes it an excellent prospect for long-term investment. Capitalize on the growth trajectory of Tiverton with this versatile and promising land. Act now to transform this site into a thriving residential hub in one of the most sought-after areas for new homes. **The estate is strategically divided, with one half zoned for R1 residential purposes, while the remaining portion is reserved for potential developmental endeavors.** (id:56221)

Property Details

MLS® Number 40569594
Property Type Vacant Land
Amenities Near By Beach, Hospital, Schools
Features Country Residential

Building

Basement Type None
Utility Water Municipal Water

Land

Access Type Highway Access
Acreage Yes
Land Amenities Beach, Hospital, Schools
Sewer Municipal Sewage System
Size Depth 663 Ft
Size Frontage 173 Ft
Size Irregular 2.8
Size Total 2.8 Ac|2 - 4.99 Acres
Size Total Text 2.8 Ac|2 - 4.99 Acres
Zoning Description Ra,pd

Utilities

Electricity Available

https://www.realtor.ca/real-estate/26785566/48-king-street-tiverton

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Nick Bergmann
Salesperson

(888) 311-1172

Real Broker Ontario Ltd.
#1800x - 130 King Street West
Toronto, Ontario M5X 1E3

(888) 311-1172
joinreal.com/

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