$2,195,000
Available - For Sale
Listing ID: X12469462
9 James Street , Norfolk, N3Y 1E1, Norfolk
| Prime development opportunity located in the heart of Simcoe, Norfolk County. 9 James Street is a cleared, shovel-ready 1.399 -acre parcel with designs for a 5-storey, 40-unit mid-rise apartment building. This site has been in the works for a proposed development. A Site Plan Agreement (SPA) is not yet approved, environmental studies including Phase I, II and, III are complete, and a Record of Site Condition (RSC) has been filed and acknowledged by the Ministry. Zoned R2 with site-specific approval, the property allows for high-density residential use. The current design includes 74 surface parking spaces and unit mix options that support rental strategies. The Norfolk County market continues to see strong rental demand with vacancy rates under 2.5 percent, making this a compelling opportunity for purpose-built rental or CMHC co-financed housing. This is one of the few mid-rise development sites available in Norfolk County. Perfect for Developers, investors, and affordable housing proponents. |
| Price | $2,195,000 |
| Taxes: | $6153.45 |
| Tax Type: | Annual |
| Occupancy: | Vacant |
| Address: | 9 James Street , Norfolk, N3Y 1E1, Norfolk |
| Postal Code: | N3Y 1E1 |
| Province/State: | Norfolk |
| Legal Description: | Plan 150 Lot 7 Lot 8 Pl 182 Pt Rwy Lot 2 |
| Directions/Cross Streets: | James St / Norfolk St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 |
| Category: | Designated |
| Total Area: | 1.40 |
| Total Area Code: | Acres |
| Area Influences: | Public Transit Recreation/Comm |
| Financial Statement: | F |
| Chattels: | F |
| Franchise: | F |
| Washrooms: | 0 |
| Sewers: | Sanitary+Storm |
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| KELLER WILLIAMS ADVANTAGE REALTY |
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At a Glance:
| Type: | Com - Land |
| Area: | Norfolk |
| Municipality: | Norfolk |
| Neighbourhood: | Simcoe |
| Tax: | $6,153.45 |
| Fireplace: | N |
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