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$4,995,000
Available - For Sale
Listing ID: X12377593
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
Tax Type: Annual
Occupancy by: 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
No. of Pieces Level
Washroom 1 0
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Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Washroom 16 0
Washroom 17 0
Washroom 18 0
Washroom 19 0
Washroom 20 0
Washroom 21 0
Washroom 22 0
Washroom 23 0
Washroom 24 0
Washroom 25 0
Category: Designated
Use: Residential
Total Area: 0
Total Area Code:  Acres
Maintenance: 0
Sewers: Sanitary
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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Corcoran Horizon Realty

95 Shay Road , Huntsville, P1H 1L2, Muskoka


 
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Type: Com - Land
Area: Muskoka
Municipality: Huntsville
Neighbourhood: Chaffey
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Tax: $0
Maintenance Fee: $0
Beds: 0
Baths: 0
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