$599,900Asking Price
Rare opportunity to acquire approximately 3 acres of strategically located development land in growing Mount Forest. Situated at 250 Harris Street, this property offers an excellent opportunity for builders, developers and long-term investors looking to participate in the continued residential growth of Wellington North.Significant preliminary planning and engineering work has already been undertaken. A recent conceptual site plan demonstrates the potential for a 26-lot detached residential development, with approximately 12-metre lot frontages, an internal road and stormwater management area. Additional optimization of the site may provide opportunities for an alternative configuration or increased unit count, subject to municipal approvals, servicing, engineering and planning review.The property's long rectangular configuration lends itself particularly well to an efficient double-loaded residential street design. The site benefits from substantial frontage and is located in an established residential area, making it an attractive infill development opportunity rather than a remote greenfield project. Zoning is FD(Future Development), there is large development approved south of this property with over 411 units).
Rare opportunity to acquire approximately 3 acres of strategically located development land in growing Mount Forest. Situated at 250 Harris Street, this property offers an excellent opportunity for builders, developers and long-term investors looking to participate in the continued residential growth of Wellington North.Significant preliminary planning and engineering work has already been undertaken. A recent conceptual site plan demonstrates the potential for a 26-lot detached residential development, with approximately 12-metre lot frontages, an internal road and stormwater management area. Additional optimization of the site may provide opportunities for an alternative configuration or increased unit count, subject to municipal approvals, servicing, engineering and planning review.The property's long rectangular configuration lends itself particularly well to an efficient double-loaded residential street design. The site benefits from substantial frontage and is located in an established residential area, making it an attractive infill development opportunity rather than a remote greenfield project. Zoning is FD(Future Development), there is large development approved south of this property with over 411 units).
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Rockwood, Guelph/Eramosa is a west GTA neighbourhood notable for its education, law & public sector professionals and salespeople. Residents tend to be younger with a significant number of kids aged 10 to 14, adults aged 30 to 54 and 30 to 54 and seniors aged 65 to 69.
Kids Per Family
1.0
kids per family
in the neighbourhood.
33%
of residents are
single and loving it.
33% singles
Guelph/Eramosa (34%)
12%
of residents
are renters.
12% renters
Guelph/Eramosa (11%)
28%
of residents are
university grads.
28% university grads
Guelph/Eramosa (29%)Average Household Income
$142K
is the average household
income in the neighbourhood.
Professions
| Sales | 15% |
| Trades | 11% |
| Government | 10% |
| Business | 10% |
| Management | 9% |
11%
of residents were
born outside of Canada.
11% immigrants
Guelph/Eramosa (13%)3.5% from UK
All-time
0.4% from UK
Recent
Foreign Languages
| French | 2% |
| German | 1% |
| Dutch | 1% |
| Polish | 1% |
| Spanish | 1% |
Religions
| Christian | 71% |
| Jewish | 1% |