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For Sale - 815 ELGIN Street, Wallaceburg, Ontario

Est payment $7,161/mo
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AI Summary *

  • 2.11 acres with site plan approval for 52 rental townhouses.
  • Zoned for both medium and low-density residential use.
  • Frontage along Elgin Street and Lorne Avenue for visibility.
  • CIP Grant approved for permit fee reduction and tax benefits.
  • Strategic planning aligns with local funding initiatives for rentals.




Prime development opportunity – 2. 11 acres with site plan approval! This exceptional 2. 11-acre property is fully approved for the construction of 52 rental stacked townhouses, making it a fantastic investment opportunity. The site features frontage along elgin street and lorne avenue and is zoned rm1-1633 residential medium density and rl3 residential low density. Site plan approved – ready to build! Cip grant approved – enjoy savings with a building permit fee reduction and a property tax break. Strategic planning – project planning and design were completed to maximize local municipal benefits for rental initiatives and align with cmhc funding requirements. Don’t miss out on this rare opportunity to bring a thoughtfully planned development to life in a growing community. Contact me today for more details!
Listing ID25006421
Address815 ELGIN Street
CityWallaceburg, Ontario
Price$1,400,000
StyleTownhouse
ConstructionOther, See Remarks
FlooringOther, See Remarks
TypeResidential
StatusFor Sale

Subtype TownhouseAcreage 2.110Driveway Gravel DriveParking Other, See RemarksOwnership FreeholdRental Equipment NoneBasement Other, See RemarksFoundation Other, See RemarksHeating / Cooling NoneHeating Fuel Other, See RemarksHot Water Tank N/AUtility Water Municipal WaterSewer Sanitary

Date Listed Mar 21, 2025Days on Market 2
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JUMP FEATURED AGENT

Fran Enkin

Fran Enkin

Realtor®

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Schools

3 public & 4 Catholic schools serve this home. Of these, 7 have catchments. There are 2 private schools nearby.

Parks & Rec

1 arena, 1 rink and 2 other facilities are within a 20 min walk of this home.

Listing Agency:  REALTY HOUSE INC. Brokerage
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815 Elgin Street
Wallaceburg , Ontario
$1,400,000
Get more info