Development parcel at Main and Highway 48

This is a 128 by 528 foot development parcel at the northeast corner of Main Street and Highway 48, right at the gateway to Whitchurch-Stouffville. It's a bungalow-style house on a massive lot, but honestly, you're buying this for the land and the location, not the structure. The place has zero bedrooms above grade and no basement, so it's basically a tear-down or an empty shell waiting for your plans. What makes it stand out is the zoning: it's RN5 and designated Urban Medium Density in the Official Plan, which means there's serious development potential here. The survey is ready, and water and sewer lines are already connected to the property, saving you time and money. You're surrounded by new residential and commercial projects, and it's a high-traffic spot with tons of exposure. Taxes are just over $5,300 a year. The market nearby shows a median price of about $951,500, but this one's priced at $2,999,900, reflecting its development value. If you're a builder or investor looking to get into one of the GTA's fastest-growing areas, this is a rare find. Just two parking spots, no garage, and the exterior is wood, but that's not the point here. It's all about what you can do with this parcel.