5 Beds 2 Bath

483 Highway Highway 49, Prince Edward County, ON K0K 2T0

Prince Edward County K0K 2T0 Ontario

MLS: X12856498

$699,000

Added 9 hours ago | For Sale

Listed by: HARVEY KALLES REAL ESTATE LTD.

About Property

Attention developers, investors, and builders-this is a rare opportunity within the town limits of Picton. Set on approximately .84 acres with municipal water and sewer, this property presents exceptional redevelopment potential in one of the most sought-after communities inPrince Edward County. While a house currently exists on the property, the highest and best use is redevelopment. The Official Plan supports future residential intensification, and preliminary discussions with a private planner indicate the site could potentially support 8-10residential units through rezoning to R3 or R4. A concept plan is being prepared outlining the potential for a three-storey, three-unit residential building at the front of the property, with additional townhouse units positioned further back on the land. Large parcels with full municipal services inside Picton's settlement boundary are increasingly rare, making this a compelling opportunity for those looking to participate in the continued growth of the community. Buyers are encouraged to complete their own due diligence regarding zoning changes, approvals, development potential, and their intended use. Notes: House is on a septic, but town sewer is available. Current structure and outbuildings being sold where is, as is.

Features

  • House Style:Detached
  • Bathrooms:2
  • Land Size: 89.52 X 369.24
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Picton Main St & Fawcett Ave.
  • Basement:Unfinished , Unfinished
  • Possession Date:TBD
  • Annual Property taxes: $1443.86
  • Bedrooms:5
  • Total Parking Spaces:6
  • Parking Places:6
  • Heating Type:Water
  • Pool Type:None
  • Exterior:
  • Direction Facing:West
  • Front Footage:
  • Listing ID:X12856498

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