An exceptional infill opportunity in the heart of Alliston, this 0.87-acre site with 230 feet of frontage on King Street North presents prime potential for developers and investors. A concept plan is available for 24 back-to-back stacked townhomes or a 24-unit apartment building ,ideally located within a well-established residential neighbourhood. The offering includes 299 King St N, a well-maintained brick raisedbungalow featuring 3 spacious bedrooms, a full bathroom, and a separate finished in-law suite with 3 additional bedrooms and another fullbathroom and attached garage. Also included is 295 King St N, offered in as-is condition, featuring a bungalow and a 1,500 sq ft block garage with a loftideal for future use or redevelopment. The entire parcel can be purchased together for a larger project or severed into three lots ,allowing for flexible development strategies. Property may be eligible With the Town of New Tecumseths Water Allocation Program Prior to2028,this is the perfect time to position yourself for a future-ready residential development.
Address
299&295 King Street N
List Price
$1,849,000
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungalow-Raised
Area
New Tecumseth
Sub-Area
Alliston
County
Simcoe
Bedrooms
3 + 3
Bathrooms
2
Floor Area
1100 - 1500 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
166
Lot Shape
Irregular
Lot Size Range (Acres)
.50 - 1.99
Lot Size Units
Feet
Lot Width
232
Approx. Age
31 - 50 Years
MLS® Number
N12062958
Listing Brokerage
RE/MAX WEST REALTY INC.
Basement Area
Apartment, Separate Entrance
Postal Code
L9R 1N3
Parking Places (Total)
6
Tax Amount
$7,430.16
Tax Year
2024
Interior Features
Auto Garage Door Remote, Carpet Free, In-Law Suite, Sump Pump, Water Heater Owned, Workbench
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
East
Foundation Details
Concrete
Garage Type
Attached
Kitchens Total
2
Pool Features
None
Roof
Asphalt Shingle
Sewer
Septic
