29 Mount Hope Road Palgrave, ON L7B1A6

Find your next big development project in Caledon! This amazing 31.96-acre land is ideally located east of Hwy 50 and south of Hwy 9, right next to the Doctor Reynar Rd subdivision. It's part of the prestigious Residential Estate Community Policy Area 3 in Palgrave, offering a fantastic chance to create a new subdivision that aligns with the official plan. Municipal water and natural gas right at the property's edge. This is a rare opportunity to build high-end executive homes in a growing area. Keep in mind, potential density bonuses depend on completing a natural heritage evaluation and designing the site development. The property boasts a 439 ft frontage on Mount Hope Road, opening up even more investment possibilities. Please note, the buyer will be responsible for development changes, rezoning, servicing, and HST. The Town of Caledon's by-law lists this property as A2 - ORM and EPA 2 - ORM, and it currently benefits from Farm tax credits. For interested buyers, the seller might offer a 1st Vendor Take Back (VTB) mortgage. Please park carefully on the road. This is a standout investment chance in Caledon's thriving real estate scene - don't miss out! (id:41440)