6179 On-89 Highway New Tecumseth, Ontario

Rare, development site in Alliston! This 6.62-acre parcel is zoned and ready for high-rise residential development, with Site Plan Approval (SPA) submitted. Approved plans support two 12-storey towers with a total of 524 residential condo units and 5 retail units, and a Gross Floor Area (GFA) of 47,540 m (511,600 ft). Located along Highway 89, the site is adjacent to a major SmartCentre (Walmart, etc.) and minutes from Honda Canada, Stevenson Memorial Hospital, schools, parks, and planned future transit. Premium amenities, and strong market fundamentals make this an ideal project for developers or institutional buyers. Seller is open to VTB or joint venture. (id:4555)