Prime 3.03 Acre Residential Development Opportunity | Exceptional CMHC MLI Select Potential

An outstanding opportunity to acquire 3.03 acres of residential development land in a highly sought-after area with strong end-user and rental demand. This site offers exceptional potential for a purpose-built rental development, ideally suited for CMHC MLI Select financing, allowing investors to capitalize on low interest rates and extended amortization up to 40 years.

Preliminary development concepts indicate the potential for:

• 75+ purpose-built rental units, or
• A hybrid development featuring 46+ rental units plus 4 detached residential lots

The property is strategically positioned in a high-income, high-demand neighborhood, making it ideal for long-term rental investment with strong absorption and stable cash flow potential.

Investors can further benefit from:

• CMHC MLI Select program advantages, including enhanced loan-to-value ratios
• Reduced borrowing costs through insured financing
• Potential HST rebate eligibility, significantly improving overall project economics
• Increasing demand for quality rental housing in supply-constrained markets

This is a rare chance to secure a scalable development site with multiple configuration options, aligned with current government-backed incentives designed to support rental housing supply.

Ideal for developers, builders, and institutional investors looking to deliver a high-quality rental project while maximizing returns through CMHC-backed financing.