$4,995,000
Available - For Sale
Listing ID: X12377593
95 Shay Road , Huntsville, P1H 1L2, Muskoka
| 95 Shay Road, Huntsville, Ontario. Residential Development Opportunity. This prime 18.8-acre parcel is located just a 10-minute walk from downtown Huntsville and offers a fully conceptualized plan for 195 residential units. The design includes 150 apartment units across two 4-story buildings with ground level garage parking and 45 two-story townhomes in 9 blocks. The site's elevated position will provide views over the town while offering convenient access to boutique shopping, dining, cultural amenities, resorts, skiing, and boating on Huntsville's 4 lake chain. Zoned R4, the property is well positioned for mid-density residential development with the potential for greater density if desired. A full set of supporting reports and studies have been completed, including planning justification, survey, environmental, archaeological, architectural, engineering, traffic, storm water, and landscape design. Calculated at $24,000 per apartment unit plus $31,000 per townhome unit, this development is well below other local pricing. Vendor Take Back financing is available on favorable terms, and joint venture opportunities may be considered depending on the exit strategy. Huntsville is Muskoka's largest and fastest-growing community, with strong demand for housing from permanent residents, seasonal buyers and renters. Shay Rd offers an excellent MLI Select opportunity for long term investors. The market is supported by steady population growth, tourism activity, government incentives for green development, and limited supply of high-quality mid-density housing. This site represents an exceptional opportunity for developers and investors to capitalize on one of Ontarios most desirable real estate markets. |
| Price | $4,995,000 |
| Taxes: | $0.00 |
| Tax Type: | Annual |
| Occupancy: | Vacant |
| Address: | 95 Shay Road , Huntsville, P1H 1L2, Muskoka |
| Postal Code: | P1H 1L2 |
| Province/State: | Muskoka |
| Legal Description: | PART LOT 15 CON 2 CHAFFEY PART 7 35R3618 |
| Directions/Cross Streets: | Chaffey & Herman Ave |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 |
| Category: | Designated |
| Use: | Residential |
| Total Area: | 0.00 |
| Total Area Code: | Acres |
| Washrooms: | 0 |
| Sewers: | Sanitary |
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| Corcoran Horizon Realty |
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Aneta Andrews
Broker
Dir:
416-576-5339
Bus:
905-278-3500
Fax:
1-888-407-8605
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At a Glance:
| Type: | Com - Land |
| Area: | Muskoka |
| Municipality: | Huntsville |
| Neighbourhood: | Chaffey |
| Fireplace: | N |
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