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$ 3,995,000
Est. payment | /mo
8 SqFt
$ 3,995,000
Est. payment | /mo
8 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 8 sqft
Price per Sqft $499,375
Subdivision Angus
MLS Listing ID N12421339
Annual Tax Amount $1,140
Tax Year 2024
Property Sub-Type Investment
Property Description
2 Alma Street in Angus offers a rare development opportunity in a rapidly growing community where the demand for both rental housing and adult lifestyle living continues to climb. This property is ideally suited for a purpose-built rental development with potential CMHC financing, allowing developers to benefit from strong market fundamentals and long-term returns. Angus has become an attractive destination for new residents due to its affordability, proximity to Barrie and the GTA, and steady demand from Canadian Forces Base Borden, ensuring consistent rental demand. Beyond its appeal as a conventional rental project, the site also lends itself to the creation of an adult lifestyle community designed for residents 55+ and older who value independence, convenience, and amenities that enhance quality of life. Age-friendly housing options such as well-planned suites, fitness and wellness spaces, social lounges, and outdoor gathering areas would provide the perfect balance of independent living and community connection. With limited supply of long-term residences tailored to this demographic, there is a growing need for housing that combines comfort, accessibility, and low-maintenance living. Developers can position this project as either a modern rental building or as an active adult lifestyle community, both of which align with Angus strong growth trajectory and the increasing regional demand for housing. This is a flexible and forward-looking opportunity to deliver a development that will serve the area for years to come while capturing the benefits of a stable and expanding market.
Location
Province ON
County Simcoe
Community Angus
Area Simcoe
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 409.87
Lot Depth 1100.0
Listed by RIGHT AT HOME REALTY
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