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Key Facts
Key facts for 299&295 King Street N
Property Type
House, Bungalow-Raised
Parking
Attached 2 garage, 4 parking
MLS #
N12257348
Size
1100-1500 sqft
Basement
Apartment,Separate Entrance
Listed on
2025-07-02
Lot size
232 x 166.0
Tax
$6,978.90 /yr
Days on Market
48
Approximate Age
31-50
Maintenance Fee
-
Description
SMART CAPITAL FOLLOWS SMART TIMING-THIS IS THAT MOMENT OF OPPORTUITY. UNLOCK A RARE INFILL DEVELOPMENT OPPORTUNITY- FLEXIBLE ZONING & MULTIPLE BUILD OPTIONS! POSITIONED IN THE HEART OF ALLISTON, THIS 0.87- ACRE SITE OFFERS EXCEPTIONAL VERSATILITY, WITH THE COUNTY OPEN TO ZONING TO MULTI-RESIDENTIAL...-PAVING THE WAY FOR A RANGE OF HIGH-DEMAND HOUSING TYPES. WHETHER YOU'RE INVISIONG STACKED TOWNHOMES, A LOW-RISE APARTMENT , OR PREFER TO SEVER INTO FIVE 40-FOOT LOTS FOR DETACEHD HOMES OR TOWNHOMES, A LO-RISE APARTMENT, OR PREFER TO SERVER INTO FIVE 40-FOOT LOTS FOR DETACHED HOMES OR TOWNHOMES, THIS PORPERTY PROVIDES THE CANVAS AND FLEXIBILTY TO MATCH YOUR VISION. LOCATED ON HIGH- VISIBILITY KING STREET NORTH, THE SITE BOASTS APPROXIMATLEY 230 FEET OF FRONTAGE AND 165 FEET OF DEPTH., MAKING IT IDEALLY SUITED FOR RESIDENTIAL INTENSIFICATION. THE PROEPRTY IS FURTHER ENHANCED BY ONGOING CONVERSION FORM SEPTIC TO FULL MUNICIPAL SEWER, SIGNIFICANTLY INCREASING DEVELOPMENT VIABILITY AND SERVICING OPTIONS. ADDITINALLY THE SITE MAY QUALIFY UNDER THE OTWN OF NEW TECUMSETH;S WATER ALLOCATION PROGRAM PRIOR TO 2028, PROVIDING DEVELOPERS A STRATEGIC ADVANTAGE TO MOVE FORWARD AHEAD OF FUTURE ALLOCATION .295 KING STREET NORTH FEATURES A BUNGALOW ALONG WITH A BLOCK GARAGE AND LOT 295 IS BEING SOLD "AS-IS." EXISTING IMPORVEMENTS: WITH INFRASTRUCTURE UPGRADES ALREADY IN PROGRESS, SUPPORTIVE MUNICIPAL PLANNING POLICY, AND MULTIPLE EXIT STRATEGIES AVAILALE, THIS OFFERING PRESENTS AN ECEPTIONAL OPPOERTUNITY FOR BUILDERS, DEVELOPERS, OR INVESTORS SEEKING A FEXIBLE AND PROFITABLE INFILL PROJECT IN A RAPIDLY GROWING COMMUNITY. PROPERTY TAXES SHOWN ARE COMBINED FOR BOTH PROPERTIES, AND THE ASSESSMENT VALUE LISTED IS SPECIFIC TO 299 KING ST N ONLY.
