815 Elgin St, Chatham-Kent MLS Number: X8345920

Shovel ready site in the heart of Wallaceburg. Approval is for a 52 rental row house development with building permits for the 52 units are ready to be issued upon payment of Development Charges. Each row house consists of 17 two storey units each with an accessory basement suite. Development Charge payable at 50% of posted rates as the property is within the CIP boundary. Ten year tax freeze for the property once constructed. Six units are accessible units to meet CMHC funding requirements. Approved zoning is RM1-1633 Residential Medium Density Zone with a special provision 1633. The project planning and design has been completed successfully to maximize the local Municipality benefits to rental initiatives as well as requirements of CMHC funding. All necessary studies including rental study, construction budget report, tenders to trades have been completed. All documents available upon execution of CA by buyer. Seller will consider VTB or a forward build.