Here is an opportunity of redevelopment to: town house, detached Midrise in Ancaster for affordable price;





 

Executive Summary

• This 18-acre site located in Ancaster, Ontario.
• The subject site is currently in the late stages of rezoning with the desired approval of 100 residential units.
• The makeup of the 100 units would include mixed-use, detached homes, townhomes, and Midrise condos.
• The Vendor is looking to sell this site as-is allowing the buyer to finalize zoning and tailor the development to their liking through the site plan approval.
• The median home price in Ancaster is around $1.1 million, which is significantly higher than the national average.
• Total Population 44,871
• Median Household Income $141,568
• Average Home Sale Price $1,100,000
• Price: Un Priced

 

Zoning & Approvals

• The Vendor will be submitting the 3rd and final submission for zoning approval within Q1 of 2023
• All reports have been commissioned and completed with a favourable outcome.
• The civil engineering, as well as the structural engineering for the development of the bridge, is completed and submitted.
• The vendor is currently working on water management and grading.

 

Comps selling in the area:

 

Let me know if you wish to sign our BRA & CA for further information’s?