345 Main Street West, Palmerston | Development Land Opportunity – For Sale

LOCATION

The property is located on Main Street West, near the intersection of Main Street West and King Street (HWY 8). Main Street is the major road through Palmerston and connects to HWY 23, a major artery through the area. The area surrounding the property is primarily residential, with a large commercial area to the west. Palmerston is a community in the south end of the Town of Minto, in the north part of Wellington County. There are two schools in Palmerston – Palmerston Public School (K-8) and Norwell District Secondary School.

DEVELOPMENT POTENTIAL

The M1 zoning allows for a variety of industrial uses as well as office. However, the Official Plan designates the area as Highway Commercial and the adjacent property is zoned C2 so there is potential to rezone the Property for C2 to fit with the surrounding area and Official Plan. The C2 zoning allows for a variety of commercial uses. In addition, the Official Plan allows for residential uses within mixed used developments with a total building height of 4 stories and commercial units on street level.

ENVIRONMENTAL

The Vendor has conducted on-site environmental assessment work. Upon prospective purchasers executing a Confidentiality Agreement, Imperial will provide access to a “Confidential Data Room” which will contain, among other documents, relevant environmental reports and the Vendor’s standard form Offer to Purchase (OTP). The information provided in the Data Room is for information only, and the Vendor makes no warranties or representations regarding the accuracy of that information. Accordingly, the Purchaser will be encouraged
to review these reports and the OTP (including the schedules attached to the OTP) prior to submitting an Expression of Interest.

The property will be sold on an “as is, where is” basis. The Vendor will not be completing any further environmental assessment work or providing a Record of Site Condition for the property prior to closing.

For more information, please contact:
Bob Vrenjak | Sales Representative, Senior Vice President
Fraser Vrenjak | Sales Representative, Vice President
Benjamin Bach | Sales Representative, Vice President

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