6008 SPRING CREEK
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+11 more
$12,000,000

6008 SPRING CREEK

West Lincoln, Ontario, L0R2A0

Active
128
Lot (sqft)

About This Property

This vacant land in West Lincoln offers a 128 sq ft lot. The home features a none basement.

MLS Remarks

Rare opportunity to acquire approximately 128± acres of land in Smithville, Ontario, with a portion of the property located inside the expanded urban boundary and the balance outside the urban boundary, offering a unique blend of near-term and long-term strategic value. The Township of West Lincoln and the Region of Niagara have identified Smithville as the primary focus for long-term population and employment growth. The land base comprises approximately 60 acres of workable farmland and approximately 68 acres of forest and wetlands, allowing for interim agricultural use while maintaining long-term land banking potential as planning policies evolve. Official Plan Amendments OPA 62 and OPA 63 establish a framework for Smithville’s future growth, identifying approximately 540 hectares of new development lands, with projected growth of approximately 29,030 residents and 7,360 jobs by 2051. Planning documents contemplate a range of land uses within the broader growth area, including employment-related and urban-supportive uses, subject to further approvals. The subject property is identified within Block Plan 7, Phase 2A, with existing zoning and designations including Employment-related planned use, EC zoning, and A zoning. This offering represents a large-scale, well-suited for investors seeking exposure to Smithville’s long-term growth trajectory. (id:60351)

Overview

Property Typeresidential
Sub-Typevacant land
StatusActive
MLS #40800682

Interior

BasementNone

Fees & Taxes

Annual Taxes$2,617

Listing Information

MLS#: 40800682


Information is deemed reliable but not guaranteed. Data provided by the Canadian Real Estate Association (CREA) through the Data Distribution Facility (DDF). Listing data is updated regularly but may not reflect the most current information. All information should be independently verified.

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Mortgage Calculator

$
$2,400,000
5%20%50%
Estimated Monthly Payment
$53,360
/month
Mortgage
$9,600,000
Total Interest
$6,407,975

For illustration purposes only. Consult a mortgage professional for accurate rates.

Land Transfer Tax

$
Ontario LTT$286,475
Total Due on Closing$286,475

Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.

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