





Price
$4,900,000
BedroomsNot listed
BathroomsNot listed
SizeNot listed
Year BuiltNot listed
Property TypeCommercial
Property Taxes$5942.73
Maintenance FeesNot listed
Rare Strategic Land Holding Opportunity in the rapidly expanding Solina growth corridor. An exceptional 228-acre parcel offering significant long-term development and land-banking potential, ideally positioned close to existing and upcoming residential developments.The property provides multiple income streams with two residential dwellings currently leased and active agricultural use, helping offset holding costs. Existing structures include a detached brick 4-bedroom, 2-storey residence, a 4-bedroom prefab bungalow, a 60' x 100' metal barn, and a well-maintained workshop equipped with a hoist, compressor, and tire balancer. Boasting an impressive 2,826 feet of frontage along Solina Road, along with additional frontage on the open portion of Hancock Road, this site offers excellent access, visibility, and future planning flexibility. The land composition includes approximately 80 acres of open field at the front, 22 acres of cleared land on the west side, and 10 acres near Hancock Road, complemented by expansive panoramic views.Currently zoned Agricultural, the property is surrounded by ongoing and planned development, presenting strong rezoning and redevelopment potential in a high-demand area. Ideally located minutes to Highways 407 & 401, shopping, transit, and Public, Catholic, and French Immersion schools, making it well-suited for future residential or mixed-use consideration (subject to approvals).HST applicable. A compelling opportunity for developers, investors, and land bankers seeking scale, frontage, income, and strategic positioning in one of Durham Region's fastest-growing communities.
Total Monthly Payment
$18,098 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$3,920,000
Total Interest Payments
$2,416,919
Total Payment (Principal + Interest)
$6,336,919
Estimated Net Proceeds
$68,000
Realtor Fees
$25,000
Total Selling Costs
$32,000
Sale Price
$500,000
Mortgage Balance
$400,000

Sales Representative

A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.
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