400 Newton Street, Tay, ON L0K 2A0

For Sale 12 days on Market MLS® S13220708

Asking Price

$1,795,000

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Overview

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The Seller has Applied to amend the Official Plan and the General Zoning By-Law from Institutional (2) to Multiple Residential "R3. The Permitted Uses for the Multiple Residential "R3" include Singe Detached Dwellings, Duplex Dwellings, Street Townhouses, Low Rise Apartment Buildings, Bed and Breakfast Establishments, and Apartment Buildings. Negotiations with the Municipality are proceeding. Even though Draft site plan has been agreed to by the municipality for the construction of 86 units in 11 buildings as well as a common room/office building. Draft site plan approval is pending in the Victoria Harbour Settlement Area The building envelope is surrounded by mature forest including oak, maple and beech trees. The Tay Trail, scenic Victoria Harbour, public beaches, and Georgian Bay are within easy walking distance if the property. 7 minutes to Waubaushene and 12 minutes to beautiful Port Severn. Easy access to major arteries and amenities!

Type

Vacant Land

Property Details

Year BuiltNot Disclosed

CityTay

Postal CodeL0K2A0

Utilities & Services

Heat SourceWell

SewerSeptic Tank

Financial Information

List Price$1,795,000

Annual Taxes$917 (2025)

Days on Market12

MLS® S13220708 • Listed by SUTTON GROUP INCENTIVE REALTY INC.

400 Newton Street, Tay, ON L0K 2A0

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Purchase Calculator

Home Price

$1,795,000.00

Location

Down Payment

$376,950.00

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Rate

4.70%

Rate Term

🧾 Amortization

30 years

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💸 Rental Income

🏠 Home Expenses

Monthly Rent

$900.00

Occupancy (%)

100%

Monthly Expenses

$400.00

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Effective Amortization30 Years

Property Location

400 Newton Street, Tay, ON L0K 2A0

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