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$1,849,000
Available - For Sale
Listing ID: N12062958
An exceptional infill opportunity in the heart of Alliston, this 0.87-acre site with 230 feet of frontage on King Street North presents prime potential for developers and investors. A concept plan is available for 24 back-to-back stacked townhomes or a 24-unit apartment building ,ideally located within a well-established residential neighbourhood. The offering includes 299 King St N, a well-maintained brick raisedbungalow featuring 3 spacious bedrooms, a full bathroom, and a separate finished in-law suite with 3 additional bedrooms and another fullbathroom and attached garage. Also included is 295 King St N, offered in as-is condition, featuring a bungalow and a 1,500 sq ft block garage with a loftideal for future use or redevelopment. The entire parcel can be purchased together for a larger project or severed into three lots ,allowing for flexible development strategies. Property may be eligible With the Town of New Tecumseths Water Allocation Program Prior to2028,this is the perfect time to position yourself for a future-ready residential development.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $92,450 $184,900 $277,350 $369,800
First Mortgage $1,756,550 $1,664,100 $1,571,650 $1,479,200
CMHC/GE $48,305.13 $33,282 $27,503.88 $0
Total Financing $1,804,855.13 $1,697,382 $1,599,153.88 $1,479,200
Monthly P&I $7,730.05 $7,269.76 $6,849.05 $6,335.3
Expenses $0 $0 $0 $0
Total Payment $7,730.05 $7,269.76 $6,849.05 $6,335.3
Income Required $289,877.05 $272,615.83 $256,839.45 $237,573.71

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RE/MAX WEST REALTY INC.

299&295 King Stre North , New Tecumseth, L9R 1N3, Simcoe

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MD Ashraful Bari
Broker
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647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Detached
Area: Simcoe
Municipality: New Tecumseth
Neighbourhood: Alliston
Style: Bungalow-Raised
Lot Size: x 166.00(Feet)
Approximate Age: 31-50
Tax: $7,430.16
Maintenance Fee: $0
Beds: 3+3
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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