240 Egremont Street
Mount Forest, Wellington North, N0G 2L2
FOR SALE
$620,000
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1
BEDROOMS 1
BATHROOMS 1
KITCHENS 5
ROOMS X13514646
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Property Description
Here is an exciting opportunity to purchase this nearly half acre in town property that Is Zoned R2. There is a severance that is currently in process separating the existing house from the remainder of the property which will be finalized by closing. This would allow you to build on the severed lot and live in the house while building or build on the lot and sell off the house. The possibilities are endless. The Medium-Density zoning Allows many different options such as a Duplex, Triplex, or Fourplex. Buyer/Buyer's Agent Must Do Their Own Due Diligence To Confirm What Can Be Built. This price includes both the newly severed lot and the existing house.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2024-09-18 | 2024-10-23 | 35 | $755,000 | $740,000 |
| 2024-06-10 | 2024-10-23 | 135 | $755,000 | $740,000 |
Property Features
Primary Bedroom - Main Floor, Private
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Property Details
Address
240 Egremont Street
Community
City
Postal Code
N0G 2L2
Property Type
Detached, Detached
Zoning
R2
Lot Size
82' x 246'
Taxes
$2,419 (2025
Basement
Unfinished
Exterior
Deck
Heat Type
Baseboard
Heat Source
Electric
Water
Municipal
Parking Spaces
2
Garage Type
None
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Listing contracted with Royal Lepage Rcr Realty
Rare opportunity to acquire approximately 3 acres of strategically located development land in growing Mount Forest. Situated at 250 Harris Street, this property offers an excellent opportunity for builders, developers and long-term investors looking to participate in the continued residential growth of Wellington North.Significant preliminary planning and engineering work has already been undertaken. A recent conceptual site plan demonstrates the potential for a 26-lot detached residential development, with approximately 12-metre lot frontages, an internal road and stormwater management area. Additional optimization of the site may provide opportunities for an alternative configuration or increased unit count, subject to municipal approvals, servicing, engineering and planning review.The property's long rectangular configuration lends itself particularly well to an efficient double-loaded residential street design. The site benefits from substantial frontage and is located in an established residential area, making it an attractive infill development opportunity rather than a remote greenfield project. Zoning is FD(Future Development), there is large development approved south of this property with over 411 units).
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This well-kept bungalow offers more space, flexibility and practical features than you might expect. The bright and inviting 2+1 bedroom home is ideally located in Mount Forest, within walking distance to downtown, schools, parks and local amenities. The functional main-floor layout includes a convenient laundry closet, with an additional laundry hookup available in the basement. A standout feature is the large insulated and heated drive-through garage, ideal for hobbyists, extra storage or easy access to the backyard. Outside, enjoy a great mix of sun and shade, a spacious deck for relaxing or entertaining, and a garden shed for added storage. The partially finished basement offers a third bedroom, plenty of storage and additional space ready to finish to suit your needs. A solid home with room to grow, making it a great option for first-time buyers, downsizers or anyone looking for practical living in a convenient location.
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