CBRE’s Land Specialists are pleased to offer for sale a 2.44-acre development opportunity in the heart of Wasaga Beach. The Property is well located along River Road West at Westbury Road, within the Town’s primary commercial and downtown area. A residential development concept has been proposed for the Site, titled Riverwoods, which contemplates a five-storey building comprising approximately 69,881 square feet of gross floor area, 70 residential units, and 100 surface parking spaces. In addition, the Site benefits from strong long-term development potential due to its current Downtown Core zoning designation, which permits a wide range of commercial and retail uses. The Property is less than a five minute drive from Beach Area 1, which is currently undergoing a significant revitalization initiative. Backed by provincial funding and a municipally envisioned master plan, several substantial developments are underway in this area, most notably by Sunray Group and Stonebridge Building Group, together introducing new live-work, commercial, and hotel uses. Wasaga Beach is a well-known tourist destination and vibrant beachside community, offering pristine beaches along Georgian Bay, expansive provincial parklands, and an extensive network of recreational and hiking trails.