Address
51 Balsam Rd, Ramara, ON
Price
$ 5,888,000
Property Attributes
  • MLS#S6635194
  • TypeLand
  • CityRamara
  • AreaRural Ramara
  • NeighbourhoodRamara
  • Postal CodeL3V 0K8
  • Style
  • Taxes$ 1067
  • Price$ 5,888,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size50 Acres
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

53.80 Acres of Future Development with currently 27 lots zoned VR on a registered plan and ready to be developed. The remaining land is currently zoned VR, VC, VIN-(H). The property is in Ramara's secondary Official Plan and consists of 4 Parcels total composed of 53.80 acres. The lots that are already registered can be developed without any further planning applications. There would be a requirement for an agreement to build the road to municipal standards. The remaining lands, they are slated for residential development as well. The holding provisions (page 66 of Official Plan) would be removed through the Plan of Subdivision once approved. The first step for a plan of subdivision for the remaining lands would be to undertake a Preconsultation. Part of the property is under LSRCA. Currently used as a farm with a Beautiful 2500 sqft Farmhouse, 24'X 40' garage, 42' X 60' Barn, and 40' X 16' hay storage. 2 wells on the property, Septic, Natural Gas.

Price History
7/4/2023 Listed $5,980,000
3/21/2024 2% - $5,888,000

General Features

Water Well
Zoning (VR),( VR,VC,VIN-(H))
Community Amenities Rural Ramara
Area Simcoe
Tax Year 2023
Lot Depth 0.00
UtilitiesCable A
UtilitiesGas A
UtilitiesHydro A
UtilitiesTelephone A
Status A
Taxes 1067.00
Legal Description Parcel Includes mutiple pins. See Remarks
Property Sub Type Vacant Land
Lot Front 0.00
Type .V.

Exterior Features

Waterfront None
Fronting On NSEW No
Sewers Septic
Acreage 50-99.99

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in L3V 0K8

Price
AVG $4.51M
$5.89M
Taxes
AVG $1,067
$1,067
Visits
AVG 572
1341
Data Provided by Inside Real Estate®

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