18609 Highway 48
East Gwillimbury, ON
99 sqft • Land • 471 days on market
Exceptional 99-Acre parcel located just outside the Mount Albert Official Plan. An extraordinary opportunity to acquire a strategically positioned 99-acre parcel of prime future development land, located in the thriving and fast-growing Town of East Gwillimbury. Nestled in the heart of Mount Albert and surrounded by multiple active and proposed residential developments, this property offers significant potential for long-term capital appreciation. Featuring dual access from both Highway 48 and Centre Street, the site enjoys superb connectivity and ease of access, an increasingly rare combination in such a desirable location. The land currently produces a steady rental income of over $41,000 annually for the farm lease and two updated homes on the property, delivering immediate revenue for investors as they plan for future development potential. With a majority of the land being actively farmed, it is well maintained throughout all four seasons and also benefits from its location at the highest natural elevation in Mount Albert, verified by provincial topographic surveys. This property offers a unique landscape characteristic that may provide added value from both a planning and design perspective. Investor sentiment remains highly positive, with strong confidence in the property's long-term prospects. This reinforces the strategic value of land banking in a region poised for sustained growth and transformation.
Listing Details
- Taxes (2024)
- $4,351
- Originally Listed
- $6,600,000
- Listed
- May 15, 2025
Price History
Listing history
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Property
- Lot Size
- 700 x 3402 Feet
Utilities
- Sewer
- Septic
Location & Legal
- Cross Street
- Hwy. 48 & Mount Albert Rd.
- Zoning
- Rural
- Parcel Number
- 034430717
- Possession
- Flexible
Commercial
- Business Type
- Residential
- Occupancy
- Owner+Tenant
Included
- Inclusions
- Homes sold in "as is" condition. Buyers agent to verify taxes and lot measurements.
Community
Postal area L0G
- Population
- 44,945
- Private dwellings
- 15,980
- Median age
- 41.6
- Average household size
- 2.9
- Median household income
- $118,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in East Gwillimbury · last 12 months
- Median sold price
- $1,035,000
- Homes sold
- 407
- Median days on market
- 26
- Sale-to-list price
- 97.5%
Based on 407 recorded sales of commercial properties in East Gwillimbury over the last 12 months.
Listed by
REMAX YOUR COMMUNITY REALTY
Commercial figures
- Annual property tax
- $4,351
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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