Prime development opportunity located in the heart of Simcoe, Norfolk County. 9 James Street is a cleared, shovel-ready 1.399 -acre parcel with designs for a 5-storey, 40-unit mid-rise apartment building. This site has been in the works for a proposed development. A Site Plan Agreement (SPA) is not yet approved, environmental studies including Phase I, II and, III are complete, and a Record of Site Condition (RSC) has been filed and acknowledged by the Ministry. Zoned R2 with site-specific approval, the property allows for high-density residential use. The current design includes 74 surface parking spaces and unit mix options that support rental strategies. The Norfolk County market continues to see strong rental demand with vacancy rates under 2.5 percent, making this a compelling opportunity for purpose-built rental or CMHC co-financed housing. This is one of the few mid-rise development sites available in Norfolk County. Perfect for Developers, investors, and affordable housing proponents.
Address
9 James Street
List Price
$2,195,000
MLS® Status
Extension
Expiration Date
2026-03-10
Property Type
Commercial
Type of Dwelling
Land
Transaction Type
Sale
Area
Norfolk
Sub-Area
Simcoe
Lot Shape
Irregular
Lot Type
Lot
Lot Irregularities
irregular
Lot Size Units
Feet
Lot Width
40.79
Parcel Number
502130107
Total Building Area
1.399
Occupant Type
Vacant
Cross Street
James St / Norfolk St
MLS® Number
X12469462
Listing Brokerage
KELLER WILLIAMS ADVANTAGE REALTY
Postal Code
N3Y 1E1
Tax Amount
$6,153.45
Tax Year
2025
Site Influences
Public Transit, Recreation/Community Centre
Community Features
Public Transit, Recreation/Community Centre
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Tax Legal Description
Plan 150 Lot 7 Lot 8 Pl 182 Pt Rwy Lot 2 Rp 37R582
Sewer
Sanitary+Storm