5387 Main St S, Whitchurch-Stouffville, Ontario L4A 7X5

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Listed 195 days ago

5387 Main St S, Whitchurch-Stouffville, Ontario L4A 7X5

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Listing provided by:

RE/MAX WEST REALTY INC.

MLS® number:

N7250700

Agent:

Ihor George Dziadyk

Phone:

(416) 769-1616

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About

Welcome To 5387 Main St. Ringwood At The Entrance To Fast Growing Town Of Stouffville. New Survey Feb. 2022. Zoning Rn5 Permits Up To 20M. Height Res. Apt/Condo. Based on Architct Coment 16 to 20 Sorey Condo or Rental Units Should be O.K. to get aprovals in place. Possible to Assemble 4 Adjoining Properties & Develop Premium Project. Within short walk to Premium Springwaters Golf Club On N.W. Corner & 3000 new Homes Development under approvals on S.W. Corner of Hwy 48 And Stouffville Rd. & on N/E Corner Main St. & Hwy, 48 Owner Working on Approval To Build Around 800 Condo Units. With 20 Story Condo On Corner Plus 4 Additional Towers. Another Project Main St. To East: South Side Near Approval to Develop 16 Storey Condo & Retail On Main Floor. North Side Next To Tims Nearing Completion 148 Towns. **** EXTRAS **** New Water Line & Connection to Prop. Near Completion, Sanitary & Storm Sewers, Hydro, N.Gas, Cable, Go Bus and Via Rail Service at Front. (33468239) (id:27476)

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Summary

Located at 5387 Main St. in Ringwood, at the entrance to the rapidly growing town of Stouffville, this property offers a prime location for development. A new survey conducted in February 2022 revealed that the zoning permits up to 20 meters in height for residential apartments or condos, presenting the opportunity to create a premium project. Additionally, there is the potential to assemble four adjoining properties for an even larger development.

Within a short walking distance, residents will find the prestigious Springwaters Golf Club on the northwest corner, as well as a new homes development with 3000 units under approval on the southwest corner of Hwy 48 and Stouffville Rd. On the northeast corner of Main St. and Hwy 48, the owner is working on obtaining approval to build around 800 condo units, including a 20-story condo on the corner and four additional towers. Another nearby project on Main St. to the east includes plans for a 16-story condo with retail space on the main floor, as well as 148 townhomes nearing completion on the north side next to Tim Hortons.

Additional amenities include a new water line and connection to the property, with the sanitary and storm sewers, hydro, natural gas, cable, Go Bus, and Via Rail service all available at the front. The property is also conveniently located near highways and public transit, making it an ideal location for potential residents.

This property, with a land size of 127.98 FT, is currently for sale in the city of Whitchurch-Stouffville, Ontario. The postal code for this property is L4A7X5, and it is situated in the community of Stouffville.

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