2510 Cliff Road Mississauga, Ontario L5A 2P3

$8,500,000

Attention Builders, Developers & Investors! An exceptional opportunity to acquire an approximately 38,500 sq. ft. residential development site in the heart of prestigious Cooksville, one of Mississauga's most sought-after luxury infill neighbourhoods. Surrounded by executive custom-built homes, this well-advanced 10-lot residential development offers exceptional value with substantial planning, engineering, and municipal approvals already completed, significantly reducing development timelines. The property has Draft Plan Approval and an executed Development Agreement for 10 detached residential lots. Municipal addresses have been assigned, and building permit applications have been submitted for all 10 proposed homes. Approximately $800,000 in municipal securities remain to be be provided under the Development Agreement. Upon satisfying the remaining Development Agreement requirements, Consent Clearance will be issued, the severance will be finalized, the individual lots will be registered, individual PINs will be created, and the City will be in a position to issue the submitted building permits. An existing dwelling is currently located on the property and is intended to be demolished as part of the approved development. This is an exceptional opportunity to acquire a high-profile residential development project in one of Mississauga's most desirable communities, with much of the planning and approval process already completed. (id:50976)

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https://www.realtor.ca/real-estate/30114002/2510-cliff-road-mississauga-cooksville-cooksville