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This land development located on the shore of Lake Huron is a very sought-after parcel of land located in the planned development zone for the Southampton OCP, which supports high density.
We are planning to use the land to build 50 townhome units to help serve the housing needs of the community.
We’ve opened up two very unique investment opportunities for accredited investors. This deal is RSP eligible! Investors can use their registered funds to get involved. We’re also offering 8% annual cashflow on equity ownership. This cashflow will be paid out monthly.
Eligible for Accredited Investors
HERE ARE OUR PROJECTIONS.
About the Community
Saugeen Shores includes the communities of Port Elgin and Southampton. It is located on the shore of Lake Huron and is south of Sauble Beach, west of Owen Sound, and North of Kincardine. From major urban centres, people can travel to Saugeen Shores in two to three hours. Saugeen Shores boasts 40 km of four-season multi-use, non-motorized recreational trails. A spectacular shoreline experience is the 6km asphalt trail connecting Port Elgin and Southampton. The population of Saugeen Shores more than doubles during the summer, when locals and tourists enjoy sandy beaches, warm water, and world-famous award-winning sunsets.
The Town is one of the fastest-growing areas in Canada.
• 11.2% for the 2006-2011 five-year period.
• 8.3% for 2011-2016.
•16.0% for 2016-2021.
With a current housing vacancy rate below 0.5%, rental rates for two-bedroom apartments between $1600 and $2200 and in March of 2022 the average single-family home price was almost $760k, current needs are not being met, shifting development toward medium and high density/non-high-rise housing (the missing middle).
LOOKING FOR MORE?
Non-accredited investors, this opportunity is for you. We’ve identified 5 key properties in central Duncan that are fit for substantial redevelopment and are currently zoned for medium density.