50
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$3,495,000
Est. payment /mo
10 SqFt
Price Dropped by $500K
1866-1874 County Rd 12 RD Prince Edward County, ON K0K 2T0
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Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 10 sqft
Price per Sqft $349,500
Subdivision Hallowell Ward
MLS Listing ID X12146773
Annual Tax Amount $7,298
Tax Year 2024
Lot Size 10.510 Acres
Property Sub-Type Land
Lot Depth 649.41
Lot Front 905.02
Property Description
Exceptional Investment Opportunity on West Lake Prince Edward County This is one of the most exciting development opportunities in Prince Edward County. Set on 10.5 acres with 550 feet of prime waterfront on West Lake and 905 feet of frontage on County Road 12, this property has been rezoned to allow for the creation of a 20-unit cottage resort, each unit approximately 1,100 sq. ft. in size. The approved vision also includes a bike retail shop and a restaurant café, perfectly positioned to capitalize on the steady flow of visitors to nearby Sandbanks Provincial Park. The current owners have invested significant time and resources into planning a thoughtful and profitable resort concept that blends natural beauty with modern amenities. Whether you're an investor looking to develop a tourism destination or an operator with a vision for a hospitality venture, this property offers unmatched potential. There is also the option for a 50% joint venture partnership, giving the right operator the opportunity to co-own and run the future operation. Seller is also offering property at 1856 County Rd 12 at $475,000.
Location
Province ON
County Prince Edward County
Area Prince Edward County
Exterior
Utilities Available Yes
Lot Frontage 905.02
Lot Depth 649.41
Others
ParcelsYN No
Listed by Re/Max Quinte Ltd.
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