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105 County Rd 40 7.8 Acres of Commercial Land Offered at $2,012,217 USD in Norwood, ON K0L 2V0
EXECUTIVE SUMMARY
CBRE Limited is pleased to offer for sale, 105 County Road 40 in Norwood, Ontario, a village of Peterborough County. The Site is located within the existing Settlement Boundary of the Township of Asphodel-Norwood. The Property is located on the popular Norwood Mill Pond, set back in a beautiful private estate improved with multiple dwellings. These dwellings will yield holding income prior to the development of the Site; development and intensification of the Site has been encouraged by the municipality.
In consultation with the municipality, the owner has severed two parts of the Property in to one + 0.63-acre parcel and one + 0.666-acre parcel of higher-density residential land (apartments). The balance of the development area permits single detached homes. Municipal services are available at the lot line, sewage capacity upgrades are currently being undertaken as a result of the neighbouring new subdivisions on the other side of County Road 40. Recent sale prices in the subdivisions have been in excess of $1,000,000.
The Site offers a unique opportunity to acquire a private estate in the core of a rapidly growing Township of Peterborough, with residential development permissions that will yield premium waterfront lots.
In consultation with the municipality, the owner has severed two parts of the Property in to one + 0.63-acre parcel and one + 0.666-acre parcel of higher-density residential land (apartments). The balance of the development area permits single detached homes. Municipal services are available at the lot line, sewage capacity upgrades are currently being undertaken as a result of the neighbouring new subdivisions on the other side of County Road 40. Recent sale prices in the subdivisions have been in excess of $1,000,000.
The Site offers a unique opportunity to acquire a private estate in the core of a rapidly growing Township of Peterborough, with residential development permissions that will yield premium waterfront lots.
PROPERTY FACTS
| Price | $2,012,217 USD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 7.80 AC |
| Property Type | Land | ||
| Zoning | R1; R3-4(H); R3-5(H); EP; | ||
| Price | $2,012,217 USD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 7.80 AC |
| Zoning | R1; R3-4(H); R3-5(H); EP; |
1 LOT AVAILABLE
Lot
| Price | $2,012,217 USD | Lot Size | 7.80 AC |
| Price Per AC | $257,976.54 USD |
| Price | $2,012,217 USD |
| Price Per AC | $257,976.54 USD |
| Lot Size | 7.80 AC |
Severance & Rezoning Approved 3 Separate Lots
1 1
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105 County Rd 40
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