Lot A + 373 214 Highway, Elmsdale

Description

Prime Commercial Development Land with municipal water and sewer in the heart of Elmsdale! This 6.2 acre property is in the ideal location for development. It sits across the road from Elmsdale Business Park, is right next to the Superstore Mall (NSLC, PetroCan, new Shoppers Drug Mart) and boasts close to 700 feet of direct waterfront on the Nine Mile River. The zoning is RC (Regional Commercial). This offering is comprised of 2 PIDS: 45085198 (373 Highway 214) and 45085206 (Lot A Highway 214). The sale includes a well-built 5 bedroom, 2 bathroom house with basement walk-out, detached 2 car garage and large barn. A new dental office is opening across the street, making this a great location for a medical clinic or health care business. The house is well-suited to be repurposed for commercial use (offices, services etc.) and the 2-storey barn, which has become a local landmark (the big red barn by Superstore), could house a variety of profitable ventures . . . pub, retail space, automotive etc. (all of these uses are permitted in the RC zone). There is also potential for a multi-unit housing project with development agreements (none in place yet). The adjacent properties have received approval for 4 level and 6 level apartment complexes and a retail plaza (50/50 ratio of residential/commercial is required). Potential for multiple lots with 730 feet of road front on Highway 214, 500 feet of road front on Country Lane and 695 feet of riverfront on Nine Mile River. A 60 acre parcel across the street has been recently sold is slated for residential / commercial development. This 6.2 acre property has been owned by one family for over 50 years and it is one of the last pieces of undeveloped, cleared and ready to use commercial land in this zone. Elmsdale is growing! Come grow with us!