60 Yonge Street S Huntsville, ON P1H 1T6
1.32 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40863861
Annual Tax Amount $580
Lot Size 1.320 Acres
Acres 1.32
Property Sub-Type Commercial
Source Cornerstone
Property Description
Position your next multifamily development in the heart of Muskoka. This 1.32-acre property at 60 Yonge Street South is approved for 16 residential units across two identical eight-unit rental buildings, with access to municipal water, sewer and public transit. The project is permit-ready; only payment of the building permit fee remains before issuance.
With development approvals secured, the project provides investors and developers an established design to advance toward construction. The planned housing is intended to serve a range of residents, including seniors, families and the local workforce, with four units designed for accessibility.
The building plans emphasize energy efficiency and durability, combining post-and-beam construction with Structural Insulated Panels (SIPs), wall assemblies exceeding R-50, and radiant in-floor heating within polished concrete floors.
The project may qualify for the District of Muskoka's Muskoka Affordable Housing Initiatives Program (MAHIP), with potential grant funding of up to $100,000 per unit—representing up to $1.6 million across all 16 units, subject to program eligibility, funding availability and approval for each qualifying unit. Additional potential incentives include head-lease arrangements and development charge waivers where applicable.
The project may also be eligible for CMHC MLI Select financing, offering the potential for attractive financing terms and extended amortization, subject to applicable program requirements and approval.
An opportunity for builders, multifamily investors and rental housing developers to advance an approved 16-unit project in Huntsville.
Location
Province ON
County Muskoka
Area Huntsville
Zoning R1
Direction Main St West to Young St South - Property is located just South of Town Line Road West on the East Side.
Rooms
Kitchen 0
Interior
Fireplace No
Exterior
Utilities Available At Lot Line-Gas, At Lot Line-Hydro
Waterfront Description Access to Water
Lot Frontage 284.23
Lot Depth 277.3
Garage No
Building
Lot Description Urban, Irregular Lot, Beach, Visual Exposure
Faces Main St West to Young St South - Property is located just South of Town Line Road West on the East Side.
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 480930440
Ownership Freehold/None