$2,170,000 FOR SALE

Land

Lot: 321.25 x 140.17 ft

1465 David Street
Rockland, ON K4K 1K7 | TOWN OF ROCKLAND

Build your next multifamily rental project next to the beautiful Rockland Golf Course within a new luxury residential subdivision starting construction Fall of 2024. Zoning is approved for medium density. A concept site-plan illustrates two 18-unit residential buildings (16 two bedroom units & 2 one bedroom units in each building) for a total of 36 units with 16 underground parking spaces per building plus 12 shared surface parking spaces. The new subdivision will have 234 units (100 towns, 122 Apts, & 12 condos). The listing price of $2,070,000 reflects a value of $1,085,000 per building lot being sold as one block. The projected market value of each completed building is greater than $6,950,000 based on the income approach. Roadways, sewer, water, hydro and gas services will be provided to the lot line by the Seller. Includes geotechnical, environmental and traffic studies. File for site-plan and go. Full architect drawings for the proposed 18-unit buildings are available if desired. (id:47423)

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Listed By KELLER WILLIAMS INTEGRITY REALTY
Data Provided By Ottawa Real Estate Board
MLS® Listing Number 1391936
Last Updated May 18, 2024
Property Summary
Property Type Land

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Neighbourhood TOWN OF ROCKLAND
Price History
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Detailed Information
Lot 321.25 x 140.17 ft
Listing Contract Date 2024-05-13
Municipal ID 690590055
Ownership Type Freehold
Property Type Vacant Land
Transaction Type For sale
Zoning Description R3 - multifamily
Building
Land
Total Size 1.03 acres
Access Type Road access
Acreage Yes
Size of Irregular Land 1.03

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