815 Elgin Street, Chatham-Kent | Image 1

815 Elgin Street

Chatham-Kent, Wallaceburg

  • Commercial

$X,XXX,XXX
For Sale

Added 1 week ago

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  • Type: Land

  • Property Type: Commercial

  • Business Type: Residential

  • Zoning: RM1-1633

  • Age: No Data

  • MLS®#: X8345920

  • Added: May 16, 2024 (1 week ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: COLLIERS SOUTHWESTERN ONTARIO, BROKERAGE

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.

Extras

Property Taxes have not been assessed.

Property

  • Status: Sale

  • Type: Residential

  • Property Type: Land

  • Property Type: Designated

  • Area: Chatham-Kent

  • Community: Wallaceburg

  • Availability Date: FLEX

Utilities

  • Utilities: Available

Building

  • Water Supply: Municipal

Fees

  • Tax Year: 2024

  • Tax Legal Description: BLOCK 17, PLAN 24M1004 SUBJECT TO INTEREST IN 561141 SUBJECT TO

  • Taxes Type: Annual

Land

  • Cross Street: Elgin Between Lorne

  • Municipality District: Chatham-Kent

  • Parcel Number: 005750164

  • Sewer: San Avail

  • Lot Depth: 264 Feet

  • Lot Frontage: 295 Feet

  • Lot Irregularities: Irreg

  • Zoning: RM1-1633

Commercial Specific

  • Total Area: 2.11

  • Total Area Metric: Acres

  • Lot Code: Lot

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