All photos · 5

Hillsdale

105 Mill Street E, Springwater, ON L0L 1V0

$5,990,000

Beds

n/a

Baths

n/a

Type

Commercial

About this home

The site is composed of three parcels within the Springwater Simcoe Hillsdale Secondary Plan designatedas Residential Land, identified as a Major Area in Springwater's Urban Settlement Areas. The three parcels constitute a cumulative 138.5 acres, with approximately 57 usable acres. ~70 acres of the parcel are currently being farmed. Current Secondary Plan allows 0.5 acre lot based on 100' of frontage Potential to develop up to 132 lots under current policy There is an approved proposal for a sewage treatment plant to be built by the landowners to the North of the site, creating an opportunity for increased density and to tap into future sewage infrastructure Provincial forecasts note that Simcoe County's population is expected to grow by 194,000 people by 2051, almost quadrupling in size.

Lot

  • · Irregular Lot

What it could cost monthly

Estimated monthly

$27,430

Principal & interest, per month


Mortgage amount
$4,792,000
Down payment
$1,198,000
Total interest paid
$3,437,116

Indicative only. Final terms depend on your lender, credit profile, and CMHC insurance if your down payment is under 20%.

A note from your agent

Alfred Martinelli

Broker

416-839-3599

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