A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 299&295 King St, New Tecumseth Ontario L9R 1N3
8 hours on Market

299&295 King St, New Tecumseth, Ontario L9R 1N3

Detached
3 + 3
2
~1100-1500 sqft
$1,729,000
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$8,645Cashback
Detached
3 + 3
2
~1100-1500 sqft

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Highlights

Property Estimate

Days on market8 hours

Estimated valueNot available

Price/Sqft$1,362/sqft

Monthly cost

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CMA Subject Property

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+34

Properties sold*

$930K

Median sold price*

*Based on last 30 days

Description

SMART CAPITAL FOLLOWS SMART TIMING-THIS IS THAT MOMENT OF OPPORTUITY. UNLOCK A RARE INFILL DEVELOPMENT OPPORTUNITY- FLEXIBLE ZONING & MULTIPLE BUILD OPTIONS! POSITIONED IN THE HEART OF ALLISTON, THIS 0.87- ACRE SITE OFFERS EXCEPTIONAL VERSATILITY, WITH THE COUNTY OPEN TO ZONING TO MULTI-RESIDENTIAL-PAVING THE WAY FOR A RANGE OF HIGH-DEMAND HOUSING TYPES. WHETHER YOU'RE INVISIONG STACKED TOWNHOMES, A LOW-RISE APARTMENT , OR PREFER TO SEVER INTO FIVE 40-FOOT LOTS FOR DETACEHD HOMES OR TOWNHOMES, A LO-RISE APARTMENT, OR PREFER TO SERVER INTO FIVE 40-FOOT LOTS FOR DETACHED HOMES OR TOWNHOMES, THIS PORPERTY PROVIDES THE CANVAS AND FLEXIBILTY TO MATCH YOUR VISION. LOCATED ON HIGH- VISIBILITY KING STREET NORTH, THE SITE BOASTS APPROXIMATLEY 230 FEET OF FRONTAGE AND 165 FEET OF DEPTH., MAKING IT IDEALLY SUITED FOR RESIDENTIAL INTENSIFICATION. THE PROEPRTY IS FURTHER ENHANCED BY ONGOING CONVERSION FORM SEPTIC TO FULL MUNICIPAL SEWER, SIGNIFICANTLY INCREASING DEVELOPMENT VIABILITY AND SERVICING OPTIONS. ADDITINALLY THE SITE MAY QUALIFY UNDER THE OTWN OF NEW TECUMSETH;S WATER ALLOCATION PROGRAM PRIOR TO 2028, PROVIDING DEVELOPERS A STRATEGIC ADVANTAGE TO MOVE FORWARD AHEAD OF FUTURE ALLOCATION .295 KING STREET NORTH FEATURES A BUNGALOW ALONG WITH A BLOCK GARAGE AND LOT 295 IS BEING SOLD "AS-IS." EXISTING IMPORVEMENTS: WITH INFRASTRUCTURE UPGRADES ALREADY IN PROGRESS, SUPPORTIVE MUNICIPAL PLANNING POLICY, AND MULTIPLE EXIT STRATEGIES AVAILALE, THIS OFFERING PRESENTS AN ECEPTIONAL OPPOERTUNITY FOR BUILDERS, DEVELOPERS, OR INVESTORS SEEKING A FEXIBLE AND PROFITABLE INFILL PROJECT IN A RAPIDLY GROWING COMMUNITY. PROPERTY TAXES SHOWN ARE COMBINED FOR BOTH PROPERTIES, AND THE ASSESSMENT VALUE LISTED IS SPECIFIC TO 299 KING ST N ONLY.


Property Details

StyleBungalow-Raised
View-
Age of property31-50
SqFt~1100-1500 SqFt
Lot Size38,512 SqFt(166 x 232)
Parking Spaces6
MLS ®NumberN12257348
Community NameNeighborhood of New Tecumseth
Data SourceTRREB
Listing byRE/MAX WEST REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Apartment, Sep Entrance

Bsmt Floor

Kitchen

3.35 x 2.59

Laminate

Family

9.15 x 3.96

Laminate

4th Br

4.57 x 3.96

Laminate


Features

Lot size: 38,512 SqFt

Parking

Garage spaces 2

Garage type Attached

Other parking spaces 4

Total parking spaces 6


Market Data - Neighborhood of New Tecumseth

Geo Zone Map ThumbnailNeighborhood of New Tecumseth

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

28 days

Compared to

2024

29 days

2023

25 days

2022

18 days

New Listings

Past 30 days

121 listings

Compared to

2024

133 listings

2023

98 listings

2022

138 listings

Units sold

Past 30 days

31 units

Compared to

2024

34 units

2023

65 units

2022

60 units

Median Sold Price

Past 30 days

$885,000

Compared to

2024

$930,000

2023

$925,000

2022

$967,000


Population and Demographics

Overview

Total population 43030
Average household income $126,428

Age (%)

0 to 19
24%
20 to 34
18%
35 to 49
20%
50 to 64
19%
65 and plus
18%

Household composition (%)

Single family
74%
Single person
22%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
86%
Others
5%
Italian
3%
Spanish
2%
Portuguese
1%
French
1%

House tenancy (%)

Owners
84%
Renters
16%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget