4022 Fourth Line Oakville, Ontario - MLS#: W8139488
$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 approximately 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)
For Sale Property in Oakville – 4022 FOURTH LINE
ATTENTION DEVELOPERS, BUILDERS, INVESTORS!
Are you looking for a valuable investment opportunity in Oakville? This very rare 15.8 acre corner lot presents the perfect canvas for future development. With a prime location in close proximity to the proposed Go Train Transitway Hub and other key amenities, this property offers a wealth of possibilities for the astute developer.
Key Features:
- High Density Residential Potential: The property is zoned for Mixed Use High Density Residential development, allowing for the construction of impressive 16-floor high apartment buildings with an allocation of up to 1,700 units. This presents a lucrative opportunity for builders looking to capitalize on the demand for modern urban living spaces.
- Medium Density Residential Option: In addition to high-rise apartments, the property also allows for the development of townhouses within the proposed Future Neyagawa Urban Core Plan. This diverse zoning gives developers the flexibility to cater to different housing needs and preferences.
- Corner Lot Advantage: Enjoy the visibility and accessibility that comes with a corner lot location. With approximately 609 feet of frontage and 1,360 feet of depth, this irregularly shaped lot offers ample space for creative and efficient design solutions.
- Prime Location: Situated at the corner of Burnhamthorpe Rd West and Fourth Line, this property is strategically positioned for easy access to key transportation routes and amenities. The upcoming expansion of Burnhamthorpe Rd West into a 4-lane road further enhances the connectivity of the area, making it a sought-after location for residents and commuters alike.
- Investment Potential: Oakville‘s thriving real estate market presents a promising outlook for investors looking to capitalize on the city’s growth. With continuous development and infrastructure improvements in the pipeline, this property holds immense potential for long-term value appreciation.
Questions and Answers:
- Q: What is the zoning potential of the property?
- A: The property is zoned for Mixed Use High Density Residential and Medium Density Residential development, offering a wide range of possibilities for developers.
- Q: How is the property’s location advantageous for future development?
- A: The property’s proximity to the proposed Go Train Transitway Hub and major transportation routes positions it as a prime site for high-density residential development.
- Q: What amenities and facilities are nearby?
- A: The property is located close to the future Neyagawa Urban Core Plan, as well as the newer Hospital on Dundas St, making it an ideal location for residents seeking convenience and accessibility.
- Q: Is there a timeline for development on the property?
- A: The Development Time and City Uses should be verified with the city. It is recommended to consult with city authorities for accurate information on development timelines.
- Q: How can I schedule a viewing of the property?
- A: To arrange a viewing of the property, please contact the seller’s agent to schedule an appointment. Walking the property without an appointment is not advised for security and privacy reasons.
Note: This property offers a great opportunity for investment and development in Oakville. The seller and agent make no representation regarding Development Time and City Uses, so buyers are encouraged to verify with the city for accurate information. Don’t miss out on this chance to secure a prime piece of real estate with immense potential!
⚡⚡⚡ 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 | W8139488 |
| Property Type | Vacant Land |
| Community Name | Rural Oakville |
About 4022 Fourth Line, Oakville, Ontario
Building
Land
| Acreage | Yes |
| Size Irregular | 609 X 1360 Acre ; Irregular Shape |
| Size Total Text | 609 X 1360 Acre ; Irregular Shape|10 - 24.99 Acres |
Utilities
| Natural Gas | Available |
| Electricity | Available |
https://www.realtor.ca/real-estate/26618541/4022-fourth-line-oakville-rural-oakville
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April 03 2024 04:53:42
Toronto Real Estate Board
Century 21 Millennium Inc.