28
See all 28 photos
$1,749,000
Est. payment /mo
6 Beds
2 Baths
0.5 Acres Lot
New
299&295 King ST N New Tecumseth, ON L9R 1N3
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision Alliston
MLS Listing ID N12175173
Style Bungalow-Raised
Bedrooms 6
Building Age 31-50
Annual Tax Amount $6,978
Tax Year 2025
Lot Size 0.500 Acres
Property Sub-Type Detached
Property Description
Development opportunity exceptional 0.87-acre infield-295 and 299 King Street North Allison. An outstanding opportunity in the heart of Alliston this 0.87 acre parcel offers approximately $230 ft of Frontage and 165 ft of death on the King Street north. With the county open to rezoning the site to the multi residential the property is ideal for a range of residential projects a concept plan is available for 24 back-to-back stand homes or low-rise apartment building with the additional option to sever the land into 45 individual Lots. Municipal sewer connection is already underway and the seller is willing to complete the process this dual address property includes $299 King Street North and a well maintained raised brake Bungalow with three bedrooms one bathroom and attached garage plus a fully finished in-law suite with three additional bedrooms and a second full bath- perfect for a rental income or multi-generational living. 295 King Street North is offered as an condition and includes a bungalow with 1500 ft block garage and a loft ideal for storage what Workshop use or for the Redevelopment. Key highlights all development applications have been submitted and approved by the seller, significantly reducing development timelines. The property may qualify under the town of new Tecumseh Water application program prior to 2028 offering a strategic advantage to developers with multi with multiple exit strategies available - develop the full site, subdivide and cell individually, or retain one structure for income while building on the remainder - this is a truly flexible investment. Properties may be purchased together individually. Property tax shown or combined for this both properties and assessment value listed as specific to not 299 King Street North only.
Location
Province ON
County Simcoe
Community Alliston
Area Simcoe
Rooms
Family Room No
Basement Apartment, Separate Entrance
Kitchen 2
Separate Den/Office 3
Interior
Interior Features Auto Garage Door Remote, Carpet Free, In-Law Suite, Sump Pump, Water Heater Owned, Workbench
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 232.0
Lot Depth 166.0
Total Parking Spaces 6
Building
Foundation Concrete
Others
ParcelsYN No
Listed by RE/MAX WEST REALTY INC.