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Investment Property For Sale in the west end of Collingwood $3,050,000.00


Investment Property For Sale in the west end of Collingwood in the highly desired Balmoral Village. The last development parcel for this successful “age in place” community with a retirement home, townhouses and a 5-storey condominium building that is currently under construction. Located in the heart of southern Georgian Bay, this 1.155 Acre vacant land parcel has received approval from the Town for a mixed-use building with 2 stories for Medical/Commercial and 3 stories for 35 Residential Units with underground parking. Zoned R 4-3 (H-18) – see Documents for the many permitted uses. In order to obtain a Building Permit from the Town of Collingwood the Buyer will have to get Site Plan Approval and lift the (H-18) Zoning. To lift the H-18 Zoning, the Buyer will have to submit and have accepted by the municipality i) a parking study, ii) an urban design brief and iii) a market study in accordance with Section 4.4.3.7 of the Official Plan prior to the establishment of the commercial uses in the R4-3 Zone. Development charges applicable to the Town of Collingwood and HST in addition to the Purchase Price. Contact LBO for additional information re ICBL (Interim Control By-Law) for meeting the allocation criteria for municipal servicing. This is a vibrant, active, adult lifestyle community located walking distance to Living Stone Golf Resort and a short drive to downtown Collingwood shops and restaurants, golf courses, walking and biking trails, marinas and waterfront parks and ski hills. Be a part of this growing community with your vision. MLS® 40247025

Harbour Street West



Contact The Picot Team - Chestnut Park Real Estate Limited, Brokerage