4022 Fourth Line Oakville, Ontario - MLS#: W8139338
$23,888,000
ATTENTION DEVELOPERS, BUILDERS, INVESTORS! Very Rare 15.8 Acre Approximately Corner Lot for future proposed Mixed Use High Density Residential to Build 16 Floor High Apartment Buildings with allocation at 1,700 units and Medium Density Residential to Build Townhouses within the proposed Future Neyagawa Urban Core Plan located right beside the Future proposed Go Train Transitway Hub located at Neyagawa Boulevard and Burnhamthorpe Rd West area in Oakville. Corner Development Land Vacant Lot is located at the corner of Burnhamthorpe Rd West and Fourth Line and is irregular shape with 609 feet frontage approx. and 1,360 feet deep approximately, Burnhamthorpe Rd West is currently under construction to convert to a 4 Lane Road that will extend directly to the newer Hospital on Dundas St 6 minutes away. **** EXTRAS **** Great Opportunity To Invest and Develop in Oakville. Seller and Agent make no representation as to Development Time and City Uses. Buyer to Verify with City, Do not walk property without Appointment. (id:51158)
4022 FOURTH LINE Oakville – Prime Development Opportunity
Are you a developer, builder, or investor seeking a rare and lucrative opportunity in the heart of Oakville? Look no further than this exceptional 15.8-acre corner lot that holds immense potential for high-density residential development. With a strategic location adjacent to the future proposed Go Train Transitway Hub and within the future Neyagawa Urban Core Plan, this property offers the perfect canvas for building your next masterpiece.
Key Features:
- Strategic Location: Situated at the corner of Burnhamthorpe Rd West and Fourth Line, this vacant lot boasts exceptional proximity to key transit hubs, amenities, and major roadways, making it an ideal spot for a new residential development.
- Development Potential: With an allocation for 1,700 units across 16-floor high apartment buildings and townhouses, this property provides a rare opportunity to create a vibrant mixed-use community in a sought-after area.
- Future Growth: As part of the proposed Future Neyagawa Urban Core Plan, this property is primed for significant growth and development, offering long-term value and investment potential.
- Expansion Opportunities: With Burnhamthorpe Rd West undergoing expansion to become a 4-lane road extending to the nearby hospital on Dundas St, this property stands to benefit from improved accessibility and connectivity.
- Investment Appeal: Don’t miss out on the chance to secure a prime development opportunity in Oakville, a thriving community with a strong demand for high-quality residential properties.
Questions and Answers:
Q: What are the key advantages of this property’s location?
A: The property’s prime location at the intersection of Burnhamthorpe Rd West and Fourth Line offers unparalleled access to major transit routes, amenities, and future urban development plans, making it a strategic investment opportunity.
Q: What is the development potential of this property?
A: With allocations for 1,700 units in high-rise apartment buildings and townhouses, this property presents a rare chance to create a vibrant mixed-use community that caters to the growing demand for residential living in Oakville.
Q: How does the property benefit from the Future Neyagawa Urban Core Plan?
A: The property’s inclusion in the Future Neyagawa Urban Core Plan positions it for significant growth and development, offering potential for increased property value and long-term investment returns.
Q: What infrastructure improvements are enhancing the property’s accessibility?
A: The expansion of Burnhamthorpe Rd West to a 4-lane road connecting to the nearby hospital on Dundas St promises improved accessibility and connectivity, further enhancing the property’s appeal for development and investment.
Q: Why is Oakville a compelling market for real estate investment?
A: Oakville‘s strong demand for high-quality residential properties, strategic location in the Greater Toronto Area, and thriving community make it a highly sought-after market for real estate investment, offering potential for attractive returns and long-term growth.
⚡⚡⚡ Disclaimer: While we strive to provide accurate information, it is essential that you to verify all details, measurements, and features before making any decisions.⚡⚡⚡
📞📞📞Please Call me with ANY Questions, 416-477-2620📞📞📞
Property Details
| MLS® Number | W8139338 |
| Property Type | Vacant Land |
| Community Name | Rural Oakville |
About 4022 Fourth Line, Oakville, Ontario
Building
| Size Interior | 15.8 Ac |
Land
| Acreage | No |
| Size Irregular | 609.0 ; 15.8 |
| Size Total Text | 609.0 ; 15.8 |
https://www.realtor.ca/real-estate/26618522/4022-fourth-line-oakville-rural-oakville
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May 16 2024 04:34:29
Toronto Real Estate Board
Century 21 Millennium Inc.