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$5,500,000
Available - For Sale
Listing ID: N12155378
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, 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 $5,500,000
Taxes: $4,351
Tax Type: Annual
Occupancy by: 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.
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Category: Raw (Outside Off Plan)
Use: Residential
Total Area: 99.1
Total Area Code:  Acres
Maintenance: 0
Rail: N
Heat Type: Baseboard
Central Air Conditioning: Yes
Sewers: Septic
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REMAX YOUR COMMUNITY REALTY

18609 Highway 48 N/A , East Gwillimbury, L0G 1M0, York

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Arash Salehrad
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(647)402-5949
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At a Glance:
Type: Com - Land
Area: York
Municipality: East Gwillimbury
Neighbourhood: Mt Albert
Style:
Lot Size: x 3402.00(Feet)
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Tax: $4,351
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949