Descripation

31+ Acres | Residential Development Potential in Espanola! An exciting opportunity to own just over 31 acres with multiple zoning designations and potential for future residential development. Approximately 12.68 acres have been brought within the Town's Urban Service Boundary and designated for residential use. These lands are zoned R1-h, which allows for uses such as single detached homes, duplexes, apartment buildings with up to four units, and additional residential units, subject to applicable zoning regulations. Existing municipal infrastructure capacity supports the proposed development. The remaining acreage offers potential for large residential estate lot layouts. Spanning over 31 acres, this property is an opportunity to explore its potential. Buyers are advised to verify municipal hookup requirements directly with the municipality. Currently, no municipal development charges are levied by the Town of Espanola.