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Last Updated : 470 Days ago
815 Elgin St, Chatham-Kent, Ontario, Wallaceburg

815 Elgin St, Chatham-Kent MLS Number: X8345920

Wallaceburg, Chatham-Kent, ON, N8A 3C8

$1,250,000

Status: OFF MARKET

  • Property Type: Commercial (Land)
  • Property Taxes : $0.00 (Tax Year:2024)
  • Listing Courtesy : Colliers Southwestern Ontario, Brokerage

815 Elgin St Property Description

Shovel ready site in the heart of Wallaceburg. Approval is for a 52 rental row house development with building permits for the 52 units are ready to be issued upon payment of Development Charges. Each row house consists of 17 two storey units each with an accessory basement suite. Development Charge payable at 50% of posted rates as the property is within the CIP boundary. Ten year tax freeze for the property once constructed. Six units are accessible units to meet CMHC funding requirements. Approved zoning is RM1-1633 Residential Medium Density Zone with a special provision 1633. The project planning and design has been completed successfully to maximize the local Municipality benefits to rental initiatives as well as requirements of CMHC funding. All necessary studies including rental study, construction budget report, tenders to trades have been completed. All documents available upon execution of CA by buyer. Seller will consider VTB or a forward build.

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815 Elgin St Property Facts

Property Type :Commercial
MLS Number :X8345920
Listing Type :Sale
Possession Date :
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Last Updated :22 Aug, 2024 (470 Days ago)
Source :TRREB
Area :Chatham-Kent
Postal Code : N8A 3C8
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815 Elgin St Property Price & Tax Insights

Price : $1,250,000
Property Taxes :$0.00
Tax Year :2024

815 Elgin St, Chatham Kent Property Details

Cross Street :Elgin between Lorne & Elizabeth
Fireplace/Stove :No

815 Elgin St, Chatham Kent - Price History

2024-08

22 Aug, 2024

TREB #X8345920

Available

$1250000.0

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