For Sale: 53 Mercer Crescent, Penetanguishene, ON - REW
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$1,599,900
0 bd • 0 ba • sf • Land/Lot
53 Mercer Crescent
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$1,599,900
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53 Mercer CrescentPenetanguishene, ON, L9M 1R4

  • 0 Bed
  • 0 Bath
  • Sqft
  • Land/Lot

About this home

ATTENTION DEVELOPERS & BUILDERS: Prime 2.91-Acre In-Town Residential Development Opportunity!Here is a rare turnkey development opportunity situated directly beside an established, mature neighborhood in highly desirable Penetanguishene. This 2.91-acre parcel offers a low-risk, high-reward investment with extensive preliminary work already completed and ready for your vision. Land is high, dry, and beautifully treed with a healthy blend of mature coniferous and deciduous species, with select premium lots backing onto a picturesque, forested ravine.The site is designated Development, with municipal water, sewer, and natural gas services available directly adjacent. The Town of Penetanguishene maintains a detailed file on the property supported by extensive completed studies, significantly streamlining your planning process. Access is fully secured as the 1 ft reserve along Mercer Crescent has been removed and integrated into the dedicated street line.A preliminary sketch illustrates potential for 18 detached single-family home lots, though final density remains flexible and determined by your design, subject to Town Planning Department approval. This versatile site also presents an exceptional opportunity for a retirement residence development.Enjoy financial advantages with no HST applicable to the purchase. Situated in a prime, quiet in-town location close to local amenities and Georgian Bay shorelines, all less than a 2-hour drive from Toronto and the GTA. Call today for full details and the complete property file. (id:63626)
Listed by: FORREST WILLETT, Salesperson, Royal LePage In Touch Realty

Home facts and features

Price details
List Price
$1,599,900
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Home facts
Bedrooms
0
Full Bathrooms
0
Property Type
Land/Lot
Depth
199 feet
Frontage
541.0 feet
Agent details
Primary Agent
FORREST WILLETT
Primary Broker
Royal LePage In Touch Realty
Listing details
Days on REW
9 Days
MLS® Number
S13626266
Source
Canadian Real Estate Association
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Property Insights

ÉÉC Saint-Louis
  • Catholic
  • JK - 8
St Ann's School
  • Catholic
  • JK - 8
Burkevale Protestant School
  • Protestant Separate
  • JK - 8
James Keating Public School
  • Public
  • JK - 8
North Simcoe Campus School
  • Public
  • 9 - 12
ÉP Saint-Joseph
  • Public
  • JK - 6
Canadian Martyrs Catholic School
  • Catholic
  • JK - 8
Caron School
  • Public
  • 7 - 12
Monsignor Castex School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Salesperson
FORREST WILLETT
Office:
705-361-1894
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