420 Edwards Street, Clarence-Rockland, ON K4K 1H6

$4,950,000

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List Price
$4,950,000
MLS#
X13834156
Status
ACTIVE
Type
Land
SubType
Vacant Land
Province
ON
Municipality
Clarence-Rockland
Area
Prescott and Russell
Neighborhood
606 - Town of Rockland
Subdivision
County Road 17 (Hwy 17) & Edwards St.

Property Description

Rare +/-10.14-acre residential development assembly in Rockland, 30 minutes east of downtown Ottawa on County Road 17. Developable upland zonedR3-49-h; flood plain overlay (R3-49-FP-h) along the frontage corridor. Official Plan support for approximately 308 mid-rise apartment units (zoning to fivestoreys); documented concept of up to 360 units in three six-storey buildings via OPA/ZBA and three-part severance. Phase I ESA (no Phase II required),geotechnical report, Environmental Impact Study, drone orthomosaic/terrain model and current topographic survey on file. Municipal water and sanitary atthe perimeter (holding provision; capacity to be confirmed). Direct Hwy 17 exposure with access from Edwards Street. Clarence-Rockland is one ofEastern Ontario's fastest-growing municipalities (2025 est. pop. 30,310, projected 33,277 by 2030), average household incomes near $151,000, 2,400+ownership rooftops in the pipeline. No purpose-built rental project over 20 units has ever been delivered in the municipality - a first-mover,institutional-scale opportunity. Buyer to conduct own due diligence regarding zoning, servicing, yield and approvals.

Additional Information

Taxes
$484
Waterfront Type
None

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Calculator source: Real Geeks

Listing courtesy of MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES.