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$2,700,000

Attention Developers! This 3 acre riverfront property is in the ideal location for commercial development. Zoning is Regional Commercial which allows for a variety of uses from hotel to retail, restaurant, industrial and automotive. Potential for multi-unit housing project with development agreement (none in place yet). 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 400 feet of road front on Highway 214, 500 feet of road front on Country Lane and just under 300 feet of riverfront on Nine Mile River. Municipal water, sewer and sidewalks in place. Well-built 5 bedroom, 2 bathroom house with basement walk-out, detached 2 car garage and large barn. Vacant 3.2 acre lot to the west is also available - making the total combined acreage 6.2 and opening up opportunities for amalgamation and property line alterations (to be confirmed by buyers).

5 Beds ⋅ 2 Baths ⋅ 202504012 MLS

373 214 Highway, Elmsdale

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How much is your home worth?