About 18609 Highway 48 N/a
Exceptional 99-Acre parcel located just outside the Mount Albert Official Plan. An extraordinary opportunity to acquire a strategically positioned 99-acre parcel of prime future development land, located in the thriving and fast-growing Town of East Gwillimbury. Nestled in the heart of Mount Albert and surrounded by multiple active and proposed residential developments, this property offers significant potential for long-term capital appreciation. Featuring dual access from both Highway 48 and Centre Street, the site enjoys superb connectivity and ease of access-an increasingly rare combination in such a desirable location. The land currently produces a steady rental income of over $41,000 annually for the farm lease and two updated homes on the property, delivering immediate revenue for investors as they plan for future development potential. With a majority of the land being actively farmed, it is well maintained throughout all four seasons and also benefits from its location at the highest natural elevation in Mount Albert-as verified by provincial topographic surveys. This property offers a unique landscape characteristic that may provide added value from both a planning and design perspective. Investor sentiment remains highly positive, with strong confidence in the property's long-term prospects. This reinforces the strategic value of land banking in a region poised for sustained growth and transformation.
Features of 18609 Highway 48 N/a
| MLS® # | N13687498 |
|---|---|
| Price | $3,495,000 |
| Bathrooms | 0.00 |
| Type | Commercial |
| Sub-Type | Land |
| Status | Active |
Community Information
| Address | 18609 Highway 48 N/a |
|---|---|
| Area | York |
| Subdivision | Mt Albert |
| City | East Gwillimbury |
| Province | ON |
| Postal Code | L0G 1M0 |
Amenities
| Garages | Other |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | Yes |
| Fireplace | No |
Listing Details
| Office | REMAX YOUR COMMUNITY REALTY |
|---|
