53 Mercer Crescent
Penetanguishene, ON
- Vacant Land
- 49 days on market
ATTENTION DEVELOPERS & BUILDERS: Prime 2.91-Acre In-Town Residential Development Opportunity!Here is a rare turnkey development opportunity situated directly beside an established, mature neighborhood in highly desirable Penetanguishene. This 2.91-acre parcel offers a low-risk, high-reward investment with extensive preliminary work already completed and ready for your vision. Land is high, dry, and beautifully treed with a healthy blend of mature coniferous and deciduous species, with select premium lots backing onto a picturesque, forested ravine.The site is designated Development, with municipal water, sewer, and natural gas services available directly adjacent. The Town of Penetanguishene maintains a detailed file on the property supported by extensive completed studies, significantly streamlining your planning process. Access is fully secured as the 1 ft reserve along Mercer Crescent has been removed and integrated into the dedicated street line.A preliminary sketch illustrates potential for 18 detached single-family home lots, though final density remains flexible and determined by your design, subject to Town Planning Department approval. This versatile site also presents an exceptional opportunity for a retirement residence development.Enjoy financial advantages with no HST applicable to the purchase. Situated in a prime, quiet in-town location close to local amenities and Georgian Bay shorelines, all less than a 2-hour drive from Toronto and the GTA. Call today for full details and the complete property file.
Listing Details
- Listed
- July 31, 2026
Price History
Property
- Lot Size
- 541 x 199 Feet
Location & Legal
- Cross Street
- Fuller / Oxley
- Zoning
- DD
- Parcel Number
- 584430232
- Possession
- Flexible
- Occupancy
- Vacant
Schools
Elementary
- ÉÉC Saint-Louis0.8 km
French Catholic · CS catholique MonAvenir · 85 students
- St Ann's Separate School1.7 km
Catholic · Simcoe Muskoka CDSB · 145 students
Grade 3 reading: 73% met the provincial standard · Grade 6 math: 25% met the provincial standard
- James Keating Public School1.7 km
Public · Simcoe County DSB · 355 students
Grade 3 reading: 47% met the provincial standard · Grade 6 math: 37% met the provincial standard
Secondary
- École secondaire Le Caron3.4 km
French public · CS Viamonde · 100 students
Grade 10 literacy: 100% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L9M
- Population
- 16,607
- Private dwellings
- 9,066
- Median age
- 53.2
- Average household size
- 2.3
- Median household income
- $76,000
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
Residential Freehold in Penetanguishene · last 12 months
- Median sold price
- $600,000
- Homes sold
- 123
- Median days on market
- 34
- Sale-to-list price
- 95.6%
Based on 123 recorded sales of residential freehold properties in Penetanguishene over the last 12 months.
Listed by
Royal LePage In Touch Realty
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$319,980
Estimated Monthly Payment
$7,860
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $7,860/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $400/mo
Estimates only. Consult a financial advisor.
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