48 King Street Tiverton, ON N0G 2T0
Listing Courtesy of: ITSO / Real Broker Ontario Ltd.

  48 King Street Tiverton, ON N0G 2T0

Active (15 Days)
$1,299,900

Description

This exceptional parcel presents a unique development opportunity, where vision meets demand in the heart of Tiverton. As an investor or developer, this property represents a strategic acquisition in an area poised for significant growth. The existing infrastructure, including the availability of municipal sewer and water, enhances the site's development potential, reducing preliminary project costs and complexities. Currently hosting an old house and a well-maintained storage shed, the land offers immediate utility while planning for future development. The driveway features a 330-foot long, 25-foot wide road owned by Kincardine Municipality, providing a unique advantage. For potential buyers looking to maximize the property's potential, subdividing the front portion could dramatically increase its frontage, offering enticing possibilities for diverse and profitable development projects. Whether you're looking to build a quaint neighborhood of single-family homes, create a community of semi-detached residences, or erect a modern apartment complex, this property can accommodate various development projects. The proximity to major local employers like Bruce Power and the thriving towns of Port Elgin and Kincardine adds to the appeal, ensuring a steady demand for residential units. This makes it an excellent prospect for long-term investment. Capitalize on the growth trajectory of Tiverton with this versatile and promising land. Act now to transform this site into a thriving residential hub in one of the most sought-after areas for new homes. **The estate is strategically divided, with one half zoned for R1 residential purposes, while the remaining portion is reserved for potential developmental endeavors.**

MLS®:
40569594
Taxes
$2,864
Lot Size
2.8 acres
Type
Land
County
Bruce County

Listed By

Nick Bergmann, Real Broker Ontario Ltd.
Source
ITSO
Last checked May 7 2024 at 10:06 AM EDT
Bathroom Details
Lot Information
  • Schools
  • Hospital
  • Highway Access
  • Campground
  • Beach
  • Rectangular
  • Rural
Utility Information
  • Utilities: Street Lights, Electricity Connected, Cell Service, At Lot Line-Gas
  • Sewer: Sewer (Municipal)
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®
Disclaimer: Listing content protected by copyright and licensed by Information Technology Systems Ontario: Data last updated: 5/7/24 03:06