8 Richmond Street W

**Exciting Redevelopment Opportunity in New Tecumseth**

Introducing a remarkable opportunity with this house for sale in New Tecumseth , located at 8 Richmond Street W, New Tecumseth. This unique property, originally constructed over 70 years ago, is a raised bungalow-style meeting hall that offers immense potential for redevelopment. Nestled on a quiet dead-end road, this house provides a perfect blend of privacy and convenience, situated right beside the TransCanada Trail and the Tottenham Conservation Area.

The property boasts a generous lot size of 66 x 132 feet, making it an attractive option for those looking to invest in a location with ample space. The house for sale in New Tecumseth is positioned within a residential area that directly borders the charming downtown core of Tottenham, providing easy access to local amenities while maintaining a tranquil setting.

This detached house features a main gathering hall and a full basement, which includes a washroom and additional meeting space, making it a versatile property for various uses. Although the house currently has no bedrooms or den, it presents an excellent canvas for reimagining the space to suit your needs. The total number of rooms is five, including two main rooms and three additional spaces, providing ample room for creativity and development.

In terms of utilities, the house for sale in New Tecumseth is fully serviced with municipal water and sewer systems, as well as natural gas, ensuring that essential services are readily available. The heating system is powered by forced air, providing comfort throughout the colder months. However, it is important to note that there is no air conditioning, central vacuum system, or fireplace in the property, which may influence your renovation plans.

As you explore the potential of this property, consider the possibilities that come with its zoning. The Low Rise Residential designation aligns with the Ontario Government's focus on community intensification, making this house for sale in New Tecumseth an ideal candidate for redevelopment. Whether you envision transforming it into residential units, a community space, or another innovative concept, the opportunities are plentiful.

The exterior of the house features durable aluminium siding, contributing to its longevity and ease of maintenance. While there is no garage or dedicated parking space, the location on a dead-end street provides a quiet environment and the potential for creative parking solutions.

In summary, this house for sale in New Tecumseth at 8 Richmond Street W, New Tecumseth, is a rare find that combines historical charm with significant redevelopment potential. With its proximity to the scenic Tottenham Conservation Area and the convenience of being near the downtown core, this property is not just a house; it’s a gateway to realising your vision in a growing community.

Whether you are an investor looking for your next project or someone seeking a unique property to develop, this house for sale in New Tecumseth offers a blank canvas ready for your ideas. Don’t miss the chance to explore the possibilities that await at this exceptional location. With its rich history and promising future, 8 Richmond Street W, New Tecumseth, could be the perfect place for your next venture.

Take the first step towards realising your dreams in this vibrant community by considering this exciting opportunity today!

Tottenham, a charming community nestled within the city of New Tecumseth, offers a delightful blend of rural tranquility and suburban convenience. Surrounded by picturesque landscapes, including lush farmland and scenic trails, it provides residents with a serene environment to enjoy outdoor activities. The area boasts a close-knit feel, with local amenities such as shops, schools, and parks that cater to families and individuals alike. Its rich history is reflected in the quaint architecture and community events, fostering a sense of belonging while being just a short drive from larger urban centres. For those seeking a peaceful yet connected lifestyle, Tottenham presents an inviting option.

Schools in the Neighbourhood

The property is conveniently located near Tottenham Public School, an elementary institution that is part of the Simcoe County District School Board. Situated just 0.4 kilometers away, this public school serves students from Junior Kindergarten to Grade 8, providing a comprehensive education in English. With a school rating of 5.4, Tottenham Public School is recognized for its commitment to fostering a supportive learning environment for young learners. The proximity of this school is a significant advantage for families with children, as it allows for easy access to quality education within a short walking distance. This not only enhances the convenience of daily commutes but also contributes to a vibrant community atmosphere where families can engage with one another. Overall, the availability of a well-rated elementary school nearby adds considerable value to the property, making it an attractive option for potential buyers looking for a family-friendly neighborhood.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, vibrant community with a population of 538 residents. The average household size is 2.3, indicating a mix of families and individuals, with 38.71% of households comprising children. The average age of residents is 42.9 years, suggesting a mature population, and 43.62% of individuals are single. The economic landscape is relatively strong, with an average household income of $109,000 and a low-income rate of only 7.4%. The real estate market reflects this affluence, with an average property price of $940,000. Additionally, 25% of the population are renters, and 27.27% live in condominiums, indicating a diverse housing market. Education levels are high, with nearly 48% of residents holding a college or university degree. The area is also home to a notable immigrant population of 13.33%. However, it is worth noting that a significant portion of the community, 39.36%, is not in the labor force, which may influence local economic dynamics. Overall, this community presents a blend of stability, diversity, and potential for growth.