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Draft site plan has been agreed to by the municipality for the construction of 86 units in 11 buildings as well as a common room/office building. Draft site plan approval is pending. The property is zoned Institutional, I-2, Independent Retirement residence which allows for a wide range of uses including senior citizens residence, and retirement rental units. Attached is also a planners opinion of other alternatives that may be possible on this unique site Over 10+ acres of vacant land located within the Victoria Harbour Settlement Area and 10km east of the Town of Midland. The building envelope is surrounded by mature forest including oak, maple and beech trees. The Tay Trail, scenic Victoria Harbour, public beaches, and Georgian Bay are within easy walking distance if the property. 7 minutes to Waubaushene and 12 minutes to beautiful Port Severn. Easy access to major arteries and amenities! **Please see the attachments with two separate potential concept plans for options and consideration. The only other form of residential development currently not provided is a single mid rise apartment building.**
Neighborhood: Victoria Harbour
Purchase Price | $1900000 |
Down Payment | $380000 |
Mortgage Insurance | $0 |
Total Mortgage | $1520000 |
Mortgage Payment | $9367 |
Property Taxes | $74 |
Maintenance Fees | $0 |
Monthly Payment | $9441 |
Sold Comparables homes near 400 Newton St, Tay
Located at 400 Newton St , this Tay house is available for sale. This property was listed for $1,900,000 on Thu May 22 2025. This house's size is < 700 Sqft. It has null bedrooms and null bathrooms. The property includes the following rooms: , , , , , , , , , , , . 400 Newton St, Tay is situated in the Victoria Harbour neighbourhood.
MLS#: S12167304 · $1,900,000 · null bedroom house in Victoria Harbour, Tay