Sona Bhalla
Broker
HouseSigma Inc, Brokerage
Independently owned and operated.
15 Allstate Parkway #629, Markham, Ontario L3R5B4
Cell: 647-992-7653Office: 647-360-2330
$3,495,000
Available - For Sale
Listing ID: N13687498
18609 Highway 48 N/A , East Gwillimbury, L0G 1M0, York
| Exceptional 99-Acre parcel located just outside the Mount Albert Official Plan. An extraordinary opportunity to acquire a strategically positioned 99-acre parcel of prime future development land, located in the thriving and fast-growing Town of East Gwillimbury. Nestled in the heart of Mount Albert and surrounded by multiple active and proposed residential developments, this property offers significant potential for long-term capital appreciation. Featuring dual access from both Highway 48 and Centre Street, the site enjoys superb connectivity and ease of access-an increasingly rare combination in such a desirable location. The land currently produces a steady rental income of over $41,000 annually for the farm lease and two updated homes on the property, delivering immediate revenue for investors as they plan for future development potential. With a majority of the land being actively farmed, it is well maintained throughout all four seasons and also benefits from its location at the highest natural elevation in Mount Albert-as verified by provincial topographic surveys. This property offers a unique landscape characteristic that may provide added value from both a planning and design perspective. Investor sentiment remains highly positive, with strong confidence in the property's long-term prospects. This reinforces the strategic value of land banking in a region poised for sustained growth and transformation. |
| Price | $3,495,000 |
| Taxes: | $4350.00 |
| Tax Type: | Annual |
| Occupancy: | Owner+T |
| Address: | 18609 Highway 48 N/A , East Gwillimbury, L0G 1M0, York |
| Postal Code: | L0G 1M0 |
| Province/State: | York |
| Legal Description: | PART LOT 8, CONCESSION 8 EAST GWILLIMBUR |
| Directions/Cross Streets: | Hwy. 48 & Mount Albert Rd. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Raw (Outside Off Plan) |
| Use: | Residential |
| Total Area: | 99.10 |
| Total Area Code: | Acres |
| Washrooms: | 0 |
| Rail: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Yes |
| Sewers: | Septic |
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Sona Bhalla
Broker
Dir:
647-992-7653
Bus:
647-360-2330
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Land |
| Area: | York |
| Municipality: | East Gwillimbury |
| Neighbourhood: | Mt Albert |
| Tax: | $4,350 |
| Fireplace: | N |
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