9 James Street
Simcoe, N3Y 1E1
$1,499,000
- Type
- Land
About this home
399-Acre Residential Development Opportunity in the Heart of Simcoe. Ideally located within walking distance of downtown, schools, parks, shopping, restaurants, healthcare, and everyday amenities, this exceptional infill property offers a rare opportunity to acquire one of Simcoe's largest residential development sites. Currently zoned R2 Residential, permitting single detached, semi-detached, duplex dwellings, and other permitted uses under Norfolk County Zoning By-Law.
Municipal water and sewer services are available at the lot line. Extensive due diligence has already been completed, including Phase I, Phase II, & Phase III Environmental Site Assessments, a Record of Site Condition, and a survey. A comprehensive development package, including environmental reports, planning information, and conceptual development plans, is available upon request. The sellers have previously consulted with Norfolk County Planning regarding the property's future development potential, including the possibility of higher-density residential zoning, such as R5, subject to all required municipal review and approvals.
Development opportunities of this size, location, and level of preparation are increasingly rare. Immediate possession available. Taxes to be assessed. All renderings and conceptual plans are for illustrative purposes only and do not represent approved development.
Property details
- Property type
- Vacant Land
- Ownership
- Freehold
- Property taxes
- $1
- Water
- Municipal
- Sewer
- Sewer (Municipal)
- Zoning
- R2
- Time on market
- 98 days on market
- MLS® number
- 40851529
Features
The lot
- Urban
- Public Transit
Location
Thinking about the area? Read our guide to living in Simcoe.
Estimate your payment
20% down. The minimum on this price is $124,900.
Your monthly payment
$6,637
- Mortgage amount
- $1,199,200
- Interest over the amortization
- $791,974
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 $1,499,000 | 2.0% | $21,980.00 |
Ontario land transfer tax
$26,455
- Tax before any refund
- $26,455.00
- You pay on closing
- $26,455.00
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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Listing brokerage: CENTURY 21 PEOPLE'S CHOICE REALTY INC. BROKERAGE