1395 STATION Street, Pelham, ON
Property Highlights
Welcome to this remarkable land located in the coveted neighborhood of 662 - Fonthill. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $799,000 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 71.38 x 188.72 ft lot size
Description
Excellent small-scale development opportunity in the heart of Fonthill. This 0.29-acre property offers 71' of serviced frontage and includes $180,000 in development charge credits. With fewer than 10 units, the site can proceed without site plan control, offering a streamlined approval process for builders and developers. Preliminary concept plans show 8 stacked townhouse units, with potential for alternate layouts or freehold residential development. Zoned Village Commercial, the property allows for a wide variety of permitted uses, including: apartment dwellings, townhouses, bakery, restaurant, retail, offices, hotel, microbrewery, cultural use, live-work units, and short-term accommodation, among others. Ideally located within walking distance to Fonthill Town Square, shopping plazas, restaurants, grocery stores, LCBO, schools, churches, parks, and the Meridian Community Centre with its new arena and recreation facilities.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1395 STATION Street, Pelham, ON L0S 1E3
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About Purchasing a Home in Pelham, ON
For a property listed at $799,000 in Pelham, the legal minimum down payment is $54,900 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 $12,455 for this transaction. As this listing is in Pelham (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $12,455.
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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.