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Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $1
Subdivision Pineridge/Westminster Woods
MLS Listing ID X12028868
Annual Tax Amount $33,262
Tax Year 2024
Property Sub-Type Land
Property Description
The offering has approved zoning along with an Official Plan Amendment to allow for the development of an 8 storey mixed use building with a maximum total GFA of 118,403 sq. ft. (11,000 sq. m.). As part of the approved Zoning By-Law Amendment a minimum of 5,640 sq. ft. (524 sq. m.) of retail space must be provided on the ground floor of the development. The maximum density permitted on the Site is 175.4 units per hectare (71 units per acre), representing approximately 115 units in total. The current plans propose a mix of studio, 1-bedroom and 2-bedroom units, although a formal Site Plan application has not been submitted by the owner, allowing any purchaser the opportunity to finalize the design, tenure and layout of the building based on their own preferences. The offering is ideally located in close proximity to an abundance of amenities including grocery stores, restaurants, cafes and is less than a 5-minute drive to the University of Guelph.
Location
Province ON
County Wellington
Community Pineridge/Westminster Woods
Area Wellington
Zoning NCC-16 (PA) (H27)
Exterior
Utilities Available Yes
Lot Frontage 390.82
Lot Depth 177.01
Listed by CBRE LIMITED