Con 3 Eagle Lake Road South River, Ontario P0A 1X0

$499,900

Approx. 45 Acres of Prime Development Land with draft-plan 101-Lot Subdivision Plan in South River, Ontario. An exceptional opportunity for developers and builders to acquire a large-scale residential development parcel in a municipality that actively supports growth and investment.South River offers a significant cost advantage with NO REGIONAL DEVELOPMENT CHARGES and additional incentives available through the municipality's Community Improvement Plan, including potential tax benefits for qualifying projects. The Village's Official Plan supports a diverse range of housing options, including single-family homes, townhomes, affordable housing, multiplexes, apartment buildings, secondary suites, and other innovative housing solutions.Existing infrastructure includes municipal water, natural gas, and fibre-optic internet, providing a strong foundation for future development. (Private septic systems required.)Located in the scenic Almaguin Highlands, just south of North Bay, South River is an attractive destination for families, retirees, outdoor enthusiasts, and remote workers seeking affordable housing and a high quality of life. Residents enjoy easy access to Algonquin Provincial Park, Eagle Lake, and Mikisew Provincial Park, making the area a year-round recreation hub.A growing economic base, supported by local employers, tourism, and expanding community services, continues to drive housing demand throughout the region. With approvals in place and strong municipal support for development, this property presents a rare opportunity to bring a residential project to market in an emerging Northern Ontario growth corridor.**Seller may consider holding a short-term Vendor Take Back (VTB) mortgage of up to $200,000 for qualified purchasers. Please note approx. 2 acres was severed off as 2 individual 1 acre building lots at the end of Poplar street- ideal for model homes and sales office to be built. (id:50787)

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https://www.realtor.ca/real-estate/29977325/con-3-eagle-lake-road-south-river-south-river