C$819,000

Rare in-town development opportunity in Collingwood. Located at 302 Seventh Street, this approximately 0.46-acre vacant parcel offers an impressive 125 ft of frontage and approximately 165 ft of depth, providing excellent flexibility for future development. Zoned R4 Residential Fourth Density, the property permits a range of residential uses, including multi-residential development, subject to applicable municipal requirements and approvals. The property is designated Existing Neighbourhoods in the Town of Collingwood Official Plan, which considers both Low-Rise and Mid-Rise residential development within the designation. The ultimate number of dwelling units will depend on the overall site design and applicable planning and zoning requirements, including setbacks, parking, lot coverage, landscaped open space, building form, and other development standards. With its generous frontage and substantial lot area, the property offers an excellent opportunity to explore a thoughtfully designed residential project. Ideally situated within an established neighbourhood and surrounded by existing residential development, this sizeable parcel presents an exciting opportunity for developers and investors looking to create new housing in Collingwood. Conceptual renderings are available to illustrate one potential vision for the property and are for illustrative purposes only. Buyer to complete their own due diligence regarding permitted uses, development potential, servicing and all required municipal approvals. (id:41202)