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185 MAIN STREET, Erin, Ontario

$8,000,000

2 sq ft

MLS® X13558268

Shovel-Ready residential development opportunity in the Heart of Erin. An exceptional opportunity to acquire a fully approved 2.5 acre residential infill development in one of Ontario's fastest-growing communities. Kensington Estates is 70-unit stacked back-to-back townhouse project with municipal approvals and development credits in place, allowing a purchaser to move directly toward construction. The thoughtfully designed community features four street frontages on Main Street, English Street, Daniel Street and Scotch Street providing excellent visibility access and architectural flexibility. The approved concept includes spacious slab-on-grade townhomes ranging from approximately 1,500 to 1,800 square feet. Slab construction eliminates basement excavation, helping reduce construction timelines and costs while providing highly desirable layouts with oversized garages. Twenty-seven residences have been designed with private elevators, creating a unique product that appeals to downsizers, professionals, families and buyers seeking accessible living. The site is level, cleared and secured, with full municipal services coming soon. Located within walking distance of downtown Erin's Shops, restaurants parks, trails, schools, new library and community amenities, the development offers the lifestyle today's buyers are seeking while remaining within community distance of the GTA via nearby GO Transit connections. Surrounded by established residential neighborhoods and directly across from the Erin agricultural Society grounds, Kensington Estates is ideally positioned to meet the growing demand for quality housing in this thriving community. With very few comparable shovel-ready development opportunities available in the region, this is a rare chance for builders and investors to capitalize on a approved project and accelerate their development timeline. (id:56426)

PERRY MEEKER

Listed by RE/MAX REAL ESTATE CENTRE INC.

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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The neighbourhood

About the area

Census figures and the live market for the area this home sits in, matched from the property’s own location on the map.

Population
2,725
Median household income
$121,098
Median home value
$871,140
Owner-occupied
85%
Homes for sale
26
Median list price
$979,450

Source: Statistics Canada 2021, LiveBy

Map of Erin
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Karen McGuffin
Residential Realtor

Karen McGuffin

(519) 216-1956
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