TBD Lazy U Drive, Canton, TX, 75103

Off Market

0 Bath

About this property

The opportunity to develop and build in Canton, Texas is here. Newly zoned Residential 2 with 10 acres (more or less) with large pond that has gorgeous views is now available. Residential 2 allows for minimum 7500 square foot lots on this acreage. New buyer will need to get approval for subdividing lots with the City of Canton. Seller has shown lot renderings on the pictures that show approximate boundaries of 7500 square foot lots with water views as examples only. Two existing entrances off of Hwy 243. The property is absolutely beautiful with the pond and trees and a terrific location to schools, downtown and First Monday activities. The lots shown as numbers 1-8 are currently in the A flood zone and will need some fill for elevation to build. Original brick home (not included in this sale) had an elevation certificate amended with FEMA and would be recommended for this area of the acreage. The future favors the bold and this opportunity in a community like Canton is rare.

Investor Tools

$0

Estimated Property Value

$0Estimated Mortgage Balance

$0Estimated Equity

0% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,650 /month

Positive

Cash Flow Estimate:

$550 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$X/month

No HOA

5.947%

Learn About the Market: Opportunity in Texas

Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore This Area