$4,950,000
Est. payment $21,918/moCalculate yours
420 Edwards Street, Clarence-Rockland, ON K4K 1H6
606 - Town of Rockland, Clarence-Rockland, ON K4K 1H6
Listing courtesy of MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES MLS® X13834156
About this home
Rare +/-10.14-acre residential development assembly in Rockland, 30 minutes east of downtown Ottawa on County Road 17. Developable upland zonedR3-49-h; flood plain overlay (R3-49-FP-h) along the frontage corridor. Official Plan support for approximately 308 mid-rise apartment units (zoning to fivestoreys); documented concept of up to 360 units in three six-storey buildings via OPA/ZBA and three-part severance. Phase I ESA (no Phase II required),geotechnical report, Environmental Impact Study, drone orthomosaic/terrain model and current topographic survey on file. Municipal water and sanitary atthe perimeter (holding provision; capacity to be confirmed). Direct Hwy 17 exposure with access from Edwards Street. Clarence-Rockland is one ofEastern Ontario’s fastest-growing municipalities (2025 est. pop. 30,310, projected 33,277 by 2030), average household incomes near $151,000, 2,400+ownership rooftops in the pipeline. No purpose-built rental project over 20 units has ever been delivered in the municipality - a first-mover,institutional-scale opportunity. Buyer to conduct own due diligence regarding zoning, servicing, yield and approvals.
Property details
Overview
- Property Type
- Vacant Land
- For
- For Sale
- Status
- New
Lot & Parking
- Lot Size
- 1150 x 275 Feet
Financial
- Property Taxes
- $484 (2025)
Location
- Neighbourhood
- 606 - Town of Rockland
- Cross Street
- County Road 17 (Hwy 17) & Edwards St.
- Direction Faces
- South
Listing
- MLS® Number
- X13834156
- Days on Market
- 23
- Listed On
- 2026-09-25
- Listed By
- MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES
Features
- Included
- None - vacant land, sold as is, where is
- Rental items
- None known
Mortgage calculator
Estimated mortgage payment
$21,918 per month
- Principal and interest
- $21,918
- Property tax
- $40
- Condo fees
- $0
- Estimated monthly cost
- $21,958
Your mortgage
- Mortgage amount
- $3,960,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $2,615,259
Cash to close
- Down payment
- $990,000
- Land transfer tax
- $110,225
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $1,100,225
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
This photo could not be loaded.