78 Patterson Street
Simcoe, N3Y 1J3
$449,900
- Lot
- 1,259 ft²
- Type
- Land
About this home
299 acres. This prime development opportunity comes with municipal and Long Point Region Conservation Authority approvals already in place for a nine-unit, three-storey residential apartment building (2 bedrooms per unit). Architectural and structural plans are available, and completed, transferable approvals include Site Plan, Functional Servicing Report, Traffic Impact Brief, Survey, LPRCA approval, and Stormwater Management Design Brief—saving valuable time and development costs while providing a streamlined path to construction.
Excellent location close to shopping, schools, parks, public transit, and other amenities. A rare, permit-ready investment opportunity in a growing community—ideal for builders or investors seeking a mid-sized, spring-ready project with significant groundwork already completed.
Property details
- Property type
- Vacant Land
- Ownership
- Freehold
- Property taxes
- $960
- Water
- Municipal
- Sewer
- Sewer (Municipal)
- Lot
- 1,259 ft² lot
- Zoning
- R4(H),HL
- Time on market
- 251 days on market
- MLS® number
- 40807841
Features
The lot
- Urban
- Hospital
- Schools
Location
Thinking about the area? Read our guide to living in Simcoe.
Estimate your payment
20% down. The minimum on this price is $22,495.
Your monthly payment
$1,992
- Mortgage amount
- $359,920
- Interest over the amortization
- $237,698
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 $400,000 | 1.5% | $2,250.00 |
| $400,000 to $449,900 | 2.0% | $998.00 |
Ontario land transfer tax
$5,473
- Tax before any refund
- $5,473.00
- You pay on closing
- $5,473.00
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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