2 years on Market

2967 South Grimsby Rd 5 Rd, Smithville, Ontario L0R 2A0

Detached
-
-
- sqft
$15,999,000
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Detached
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-
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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$68,709/mo

Tax Amount (2023)$768/yr

Days On Market2 years


Description

Seize this incredible opportunity to acquire 28+/- acres of future development land in Smithville, Ontario. The Official Plan Amendment (OPA 62 & 63) for Smithville sets out 540 total hectares of new development lands with a target of 60% low density, 35% medium density, & 5% high density residential housing mix. The projected growth for Smithville under the new plan is 29,030 inhabitants and 7,360 jobs by 2051. The planned uses for the subject property are; Residential, Open Space, Recommended Restoration Area & a Conceptual Buffer. The "Residential” place-type is intended to provide opportunities for the development of low-rise, ground-related residential land uses. Areas designated "Residential” shall be planned to achieve an overall density of between 15 & 20 dwelling units per hectare. The following uses shall be permitted; single detached dwellings, semi-detached dwellings, duplex dwellings, & townhouse dwellings. The subject property is located in Block 1A of Phase One. It is located in the NW quadrant of the proposed Smithville Master Community Plan and is to be one of the first sites to receive water and sewer infrastructure. With a coveted location, this property boasts easy access to arterial roads & is situated near schools, & community recreation facilities. The land is cleared and features level topography, making it ideal for development


Property Details

StyleLand
View-
Age of property-
SqFt-
Lot Size1,217,628 SqFt(1362 x 894)
Parking Spaces-
MLS ®NumberXH4160967
Community NameWest Lincoln
Data SourceITSO
Listing byRE/MAX Escarpment Realty Inc.

Features

Lot size: 1,217,628 SqFt

Property History

Apr 17, 2023
ListedActive
$15,999,000
2 years on market
history photo preview11
Listing by itso®
Property listed by RE/MAX Escarpment Realty Inc., Brokerage
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Market Data - West Lincoln

Geo Zone Map ThumbnailWest Lincoln

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

25 days

Compared to

2024

51 days

2023

32 days

2022

13 days

New Listings

Past 30 days

30 listings

Compared to

2024

38 listings

2023

29 listings

2022

52 listings

Units sold

Past 30 days

16 units

Compared to

2024

25 units

2023

25 units

2022

26 units

Median Sold Price

Past 30 days

$965,000

Compared to

2024

$885,000

2023

$935,000

2022

$1,070,000


Population and Demographics

Overview

Total population 15445
Average household income $134,538

Age (%)

0 to 19
27%
50 to 64
21%
35 to 49
18%
65 and plus
17%
20 to 34
17%

Household composition (%)

Single family
80%
Single person
17%
Multi person
2%
Multi family
1%

Mother tongue (%)

English
93%
Others
5%
Dutch
2%

House tenancy (%)

Owners
90%
Renters
10%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget