Southgate Sideroad 39
- 386± Acres | 95 Existing Lots: Substantial landholding offering long-term residential development and investment potential.
- Flexible Acquisition: Purchase the entire property or acquire the 286± acre and 100± acre holdings separately.
- Residential Development Potential: Opportunity to investigate phased residential development, estate lots and individual building lot sales, subject to approvals.
- Attractive Land Basis: Offered at approximately $27,590 per gross acre, providing a competitive entry point for a large-scale land investment.
- Existing Lot Configuration: Lots established by reference plan prior to 1969; potential lot reconfiguration subject to an Official Plan Amendment and applicable approvals.
- Scenic Natural Setting: Mature hardwood and evergreen trees, streams, aquifers and Camp Creek running through both land holdings.
- Private Servicing Potential: Future residential servicing contemplated through individual private wells and septic systems, subject to feasibility and approvals.
- Agricultural Income: Approximately 94 workable acres currently leased, generating $16,920 annually plus HST through December 2028.
- Favourable Holding Costs: 2026 property taxes of approximately $7,095 annually across all 95 lots.
- Established Residential Market: Nearby estate-style bungalow sales ranging from approximately $1.06 million to $1.42 million.
Property Description
An opportunity to acquire 386± acres comprising 95 existing lots in the Township of Southgate, Grey County. The property offers significant long-term investment potential with opportunities to explore a phased residential development, estate-lot community or the creation and sale of individual building lots, subject to municipal approvals. The lands feature a combination of open countryside, mature woodlands, natural watercourses and scenic rural landscapes, providing an attractive setting for future residential development. Offered at approximately $27,590 per gross acre, the property presents a compelling large-scale land banking opportunity with flexible acquisition options. Purchasers may acquire the entire 386± acres or either of the two individual land holdings.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $10,650,000 |
| Lot Size: | 386.00 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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