Blue Mountains - Blue Mountains
Blue Mountains - Blue Mountains
Listed For $4,999,000
Get Pre-approvedTerminated Mar 2024
This property is located within the Old Lakeshore Road Neighborhood Plan and is part of the Special Study Area in the Town of Blue Mountains’ Official Plan. 119 Old Lakeshore Road is a Designated Development Area property.
Accordingly this 1.88 acre property is potentially divisible into 12 lots (or more if townhomes) with approximately 60 feet of frontage each for 11 lots while retaining approximately 125 feet of frontage for the existing residence, the 12th lot.
Retain the house and live in it long term and sell off the other 11 lots, or develop all twelve lots at the same time.
This development opportunity is conceptual however extensive discussions have occured between the owner and the town planning office.
Old Lakeshore Road is a quiet dead end road neighboring and walking dis
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* Values are estimates only and not a guarantee of lending or affordability.