53 Mercer Crescent, Penetanguishene, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Penetanguishene. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,599,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 541 x 199 ft lot size
Description
ATTENTION DEVELOPERS & BUILDERS: Prime 2.91-Acre In-Town Residential Development Opportunity!Here is a rare turnkey development opportunity situated directly beside an established, mature neighborhood in highly desirable Penetanguishene. This 2.91-acre parcel offers a low-risk, high-reward investment with extensive preliminary work already completed and ready for your vision. Land is high, dry, and beautifully treed with a healthy blend of mature coniferous and deciduous species, with select premium lots backing onto a picturesque, forested ravine.The site is designated Development, with municipal water, sewer, and natural gas services available directly adjacent. The Town of Penetanguishene maintains a detailed file on the property supported by extensive completed studies, significantly streamlining your planning process. Access is fully secured as the 1 ft reserve along Mercer Crescent has been removed and integrated into the dedicated street line.A preliminary sketch illustrates potential for 18 detached single-family home lots, though final density remains flexible and determined by your design, subject to Town Planning Department approval. This versatile site also presents an exceptional opportunity for a retirement residence development.Enjoy financial advantages with no HST applicable to the purchase. Situated in a prime, quiet in-town location close to local amenities and Georgian Bay shorelines, all less than a 2-hour drive from Toronto and the GTA. Call today for full details and the complete property file.
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Property Summary
This vacant land located at 53 Mercer Crescent, Penetanguishene is currently for sale and has been available on SousaSells for 6 days. This property is listed at $1,599,900 with an estimated mortgage of $5,325* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 53 Mercer Crescent, Penetanguishene is in the Penetanguishene neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Penetanguishene, Penetanguishene.
- •Desirable Vacant Land architecture in Penetanguishene, Penetanguishene
First-time home buyers, professionals, or investors seeking value.
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Property Details
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Features
Property Features
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Frequently Asked Questions about 53 Mercer Crescent, Penetanguishene, ON
Q.What is the asking price for 53 Mercer Crescent, Penetanguishene, ON ?
The current listing price for 53 Mercer Crescent, Penetanguishene, ON in Penetanguishene, Penetanguishene is $1,599,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 0 bedrooms and 0 bathrooms.
Q.What property type and architectural style is 53 Mercer Crescent, Penetanguishene, ON ?
53 Mercer Crescent, Penetanguishene, ON is a Vacant Land () featuring a basement.
Q.What heating and cooling systems are installed?
Heating is provided via standard central heat and cooling via .
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Pricing & Value Insights
Data-driven valuation for 53 Mercer Crescent, Penetanguishene, ON L9M 1R4
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Penetanguishene, ON
For a property listed at $1,599,900 in Penetanguishene, the legal minimum down payment is $319,980 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $28,473 for this transaction. As this listing is in Penetanguishene (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $28,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.