2 Alma Street presents an exceptional development opportunity in Angus, a community experiencing steady growth and strong demand for housing. The site is well suited for a 55+ adult lifestyle community with modern amenities or as a purpose-built rental building with potential access to CMHC financing. Angus continues to attract new residents due to its affordability, proximity to Barrie and the GTA, and nearby Canadian Forces Base Borden, ensuring a consistent need for both long-term adult residences and rental accommodations. The growing population, rising housing costs in surrounding markets, and limited local supply create favourable conditions for developers to deliver housing that meets current and future demand. A thoughtfully planned 55+ community here would provide independent living with amenities that support wellness, connection, and convenience, while a rental project would address the significant shortfall in available units and offer attractive financing and long-term returns. This property offers flexibility for either vision and positions an investor or developer to benefit from the areas ongoing expansion, making it a unique chance to create a development that aligns with both market demand and future growth.
Address
2 Alma Street
List Price
$3,995,000
MLS® Status
New
Expiration Date
2026-05-23
Property Type
Commercial
Type of Dwelling
Land
Transaction Type
For Sale
Area
Essa
Sub-Area
Angus
Region
Simcoe
Lot Size Source
MPAC
Lot Depth
1100
Lot Type
Lot
Lot Size Units
Feet
Lot Width
409.87
Parcel Number
581100273
Total Building Area
8.7
Occupant Type
Vacant
Cross Street
King St and Huron St
MLS® Number
N12421245
Listing Brokerage
RIGHT AT HOME REALTY
Postal Code
L0M 1B0
Posession Details
TBD
Tax Amount
$1,196.00
Tax Year
2024
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Tax Legal Description
PT MILL RESERVE PL 160A ESSA TWP AS IN RO947925 (FIRSTLY) EXCEPT ES15851 ; ESSA
Sewer
Sanitary