The Seller has Applied to amend the Official Plan and the General Zoning By-Law from Institutional (2) to Multiple Residential "R3. The Permitted Uses for the Multiple Residential "R3" include Singe Detached Dwellings, Duplex Dwellings, Street Townhouses, Low Rise Apartment Buildings, Bed and Breakfast Establishments, and Apartment Buildings. Negotiations with the Municipality are proceeding. Even though Draft site plan has been agreed to by the municipality for the construction of 86 units in 11 buildings as well as a common room/office building. Draft site plan approval is pending in the Victoria Harbour Settlement Area The building envelope is surrounded by mature forest including oak, maple and beech trees. The Tay Trail, scenic Victoria Harbour, public beaches, and Georgian Bay are within easy walking distance if the property. 7 minutes to Waubaushene and 12 minutes to beautiful Port Severn. Easy access to major arteries and amenities!