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Alliston, New Tecumseth
$1,450,000
Exceptional development opportunity in the heart of Alliston! This rare property offers incredible potential for builders, investors, and developers alike. Preliminary planning work suggests exciting redevelopment possibilities with future residential development potential. Situated on a quiet established street in a rapidly growing community, the property is ideally located close to schools, parks, shopping, restaurants, and major commuter routes. Whether you're looking to explore infill opportunities, build new homes, or secure a valuable land holding in one of Simcoe County's fastest-growing areas, this property presents exceptional upside.Existing home on property being sold in "as-is, where-is" condition. Buyer to complete their own due diligence with the Town of New Tecumseth regarding future use, severance, zoning, servicing, and development potential. A rare opportunity to secure a prime redevelopment property in a thriving market.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,800 |
| Lot Size | 195 ft x 145 ft |
| mls© Number | N13240534 |
| Listed By | RE/MAX EXPERTS |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,422
- Property tax
- $317
- Heat allowance
- $150
- Housing costs
- $7,888 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$243,000
gross annual household income
- Payment at 4%
- $6,102 / mo
- Cash down
- $290,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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