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Attn: Developers, Land To Develop Into Residential Lots!

For Sale: Land in Sault Ste. Marie, ON

Jonathan Stewart, Broker Of Record

Realtor

Listing Details

Permitted uses:

• Agricultural

Description

Here is one of the best property investments that ever was offered in recent years here in the Sault! The historic Allen homestead has stood strong here on Allen Side Rd for one and a half centuries. With many updates to structure, foundation, electrical, plumbing, gas forced air heat, flooring, roofing, conversion to modern appliances, and connection to city sewer and water, it is a comfortable place to call home. But there’s more to the story than that. The property is established as an operational farm which means very low property taxes. And here’s the rest of the story: The farm property includes 8.47 acres of flat land without bush or tree cover. That land is zoned R2 and is in an area favorable to the city plans for residential construction. City sewer and water services run along both Allen Side Rd and Wallace Terrace. It is possible to sever at least 12 good sized building sites for single family homes without losing the original historic home. How much is that worth? Do the math: One similar parcel previously belonging to the entire property measures 95 ft frontage on Allen Side Rd and has a possible back yard of 300 ft approx. It sold for $124,000. The purchase of this property means inexpensive property taxes and low utility expenses. The purchase provides an extraordinary opportunity to sever and sell building lots in a small subdivision that enjoys country feeling with spacious building lots and proximity to shopping and banking services.

Location & nearby

This listing is located in Sault Ste. Marie, ON P6C 5P4