$779,000 Sale

Listed 26 days ago

60 YONGE Street S

MLS® 40863861 Vacant Land

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Beds · 0

Baths · 0.0

Parking · 0

Sqft · -

Est. mortgage

$2,955/mo

Key Facts

Key facts for 60 YONGE Street S

Property Type

Lots/Land

Parking

Garage: No, 0 parking

MLS #

40863861

Size

Basement

None

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

PURPOSE-BUILT RENTAL DEVELOPMENT OPPORTUNITY | HUNTSVILLE, MUSKOKA Position your next multifamily development in the heart of Muskoka. This 1.32-acre property at 60 Yonge Street South is approved for 16 residential units across two identical eight-unit rental buildings, with access to municipal wate...r, sewer and public transit. The project is permit-ready; only payment of the building permit fee remains before issuance. With development approvals secured, the project provides investors and developers an established design to advance toward construction. The planned housing is intended to serve a range of residents, including seniors, families and the local workforce, with four units designed for accessibility. The building plans emphasize energy efficiency and durability, combining post-and-beam construction with Structural Insulated Panels (SIPs), wall assemblies exceeding R-50, and radiant in-floor heating within polished concrete floors. The project may qualify for the District of Muskoka’s Muskoka Affordable Housing Initiatives Program (MAHIP), with potential grant funding of up to $100,000 per unit—representing up to $1.6 million across all 16 units, subject to program eligibility, funding availability and approval for each qualifying unit. Additional potential incentives include head-lease arrangements and development charge waivers where applicable. The project may also be eligible for CMHC MLI Select financing, offering the potential for attractive financing terms and extended amortization, subject to applicable program requirements and approval. An opportunity for builders, multifamily investors and rental housing developers to advance an approved 16-unit project in Huntsville. (id:10452)

Full Property Details

Interior

Washrooms

0.0

Basement

None

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Basement

None

Full Bathrooms

Half Bathrooms

Exterior

Acreage

1.32 ac|1/2 - 1.99 acres

Parking Spaces

Garage Spaces Y/N

Zoning Description

Land Amenities

Beach

Acreage

1.32 ac|1/2 - 1.99 acres

Parking Spaces

Garage Spaces Y/N

Zoning Description

Land Amenities

Beach

Building Description

Home Type

Lots/Land

Subtype

Vacant Land

Sewers

Municipal sewage system

Water Supply

Municipal water

Home Type

Lots/Land

Subtype

Vacant Land

Sewers

Municipal sewage system

Water Supply

Municipal water

Community

Huntsville

Area Code

Huntsville

Community

Huntsville

Area Code

Huntsville

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Moe Youssefian

Email: [email protected] Cell: 705-641-9927