150 Grove Street
Simcoe, N3Y 1K4
$395,000
- Lot
- 108 × 124.2 ft
- Type
- Land
About this home
32 acres in an established neighbourhood in Simcoe, Norfolk County. The property features approved planning permissions for up to 7 dwelling units, making it an excellent opportunity for builders, developers, and investors. With many possibilities for building design and development, this property offers lots of potential.
Development charges are waived until 2029 due to the demolition of the original 7-plex in 2019, offering a significant added benefit for future development. The seller will also consider a Vendor Take-Back (VTB) mortgage, providing additional flexibility for qualified buyers. Ideally located close to shopping, schools, parks, public transit, and other everyday amenities, this property offers a great opportunity to develop in a convenient and established residential area.
Only 10 minutes away from the popular lakeside community of Port Dover and the beaches of Lake Erie.
Property details
- Property type
- Vacant Land
- Ownership
- Freehold
- Property taxes
- $944
- Water
- Municipal
- Sewer
- Sewer (Municipal)
- Lot
- 108 × 124.2 ft lot
- Zoning
- R3
- Time on market
- 1 day on market
- MLS® number
- 40873959
Features
The lot
- Urban
- City Lot
- Hospital
- Public Transit
- Schools
Location
Thinking about the area? Read our guide to living in Simcoe.
Estimate your payment
20% down. The minimum on this price is $19,750.
Your monthly payment
$1,749
- Mortgage amount
- $316,000
- Interest over the amortization
- $208,692
An estimate at a fixed rate compounded twice a year. Insurance applies under 20% down. Your lender sets the real numbers, and the team can introduce you to a mortgage professional.
Ontario land transfer tax
How the tax adds up
| $0 to $55,000 | 0.5% | $275.00 |
| $55,000 to $250,000 | 1.0% | $1,950.00 |
| $250,000 to $395,000 | 1.5% | $2,175.00 |
Ontario land transfer tax
$4,400
- Tax before any refund
- $4,400.00
- You pay on closing
- $4,400.00
For a home with one or two single-family residences anywhere in Ontario outside Toronto. Your real estate lawyer confirms the amount and pays it on closing.
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