95 Shay Road, Huntsville, Ontario. Residential Development Opportunity. This prime 18.8-acre parcel is located just a 10-minute walk from downtown Huntsville and offers a fully conceptualized plan for 195 residential units. The design includes 150 apartment units across two 4-story buildings with ground level garage parking and 45 two-story townhomes in 9 blocks. The site's elevated position will provide views over the town while offering convenient access to boutique shopping, dining, cultural amenities, resorts, skiing, and boating on Huntsville's 4 lake chain. Zoned R4, the property is well positioned for mid-density residential development with the potential for greater density if desired. A full set of supporting reports and studies have been completed, including planning justification, survey, environmental, archaeological, architectural, engineering, traffic, storm water, and landscape design. Calculated at $24,000 per apartment unit plus $31,000 per townhome unit, this development is well below other local pricing. Vendor Take Back financing is available on favorable terms, and joint venture opportunities may be considered depending on the exit strategy. Huntsville is Muskoka's largest and fastest-growing community, with strong demand for housing from permanent residents, seasonal buyers and renters. Shay Rd offers an excellent MLI Select opportunity for long term investors. The market is supported by steady population growth, tourism activity, government incentives for green development, and limited supply of high-quality mid-density housing. This site represents an exceptional opportunity for developers and investors to capitalize on one of Ontarios most desirable real estate markets.
Address
95 Shay Road
List Price
$4,995,000
MLS® Status
New
Expiration Date
2025-12-30
Property Type
Residential Freehold
Type of Dwelling
Vacant Land
Transaction Type
For Sale
Area
Huntsville
Sub-Area
Chaffey
Region
Muskoka
Lot Size Source
MPAC
Lot Size Range (Acres)
10 - 24.99
Lot Size Units
Acres
Lot Width
1460.81
Parcel Number
480860042
Occupant Type
Vacant
Cross Street
Shay Rd
MLS® Number
X12377596
Listing Brokerage
Corcoran Horizon Realty
Postal Code
P1H 1L2
Posession Details
30 days
Tax Amount
$1,087.00
Tax Year
2024
Cable
Available
Central Vacuum
No
Hydro
Available
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
One Point Association of REALTORS
Direction Faces
West
Tax Legal Description
PART LOT 15 CON 2 CHAFFEY PART 7 35R3618 TOWN OF HUNTSVILLE
Topography
Sloping
Waterfront
No
Waterfront
None