Description

Nestled in a thriving and fast-growing neighborhood, Blk 157 Harrisview Street offers a rare and exceptional opportunity for visionary buyers and investors. As surrounding properties prepare for new construction and active development begins right next door, this vacant parcel is positioned on the verge of a major transformation. Buying this land now means getting in right before the neighborhood peaks. The moment construction breaks ground on adjacent lots, the value of this property is set to surge, turning this vacant space into a high-yield investment and a true future goldmine. Don't watch the growth happen-own the land that shapes it! Planning confirmed the property is Medium Density Residential (MDR) and Zoned R2-B, which does not permit a detached dwelling. The subject property (see attached) is designated Medium Density Residential (MDR) in the Town's Official Plan and Zoned R2-B in the Town's Zoning By-law. The MDR designation and the R2-B Zone do not permit a detached dwelling on the subject property. (id:66096)

Market Timing

Days on market

23d

Ajax (Northwest Ajax) listings, avg age

48d

List price

$399K

Homes here sell faster than most markets

Sold homes in this market spent an average of 26 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 98.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This vacant land in Ajax (Northwest Ajax) has been listed for 23 days, which is 25 days fresher than the city average of 48. Act while there is still low competition.

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Area context

Neighbourhood profile (L1T)

This home lists at $399,000, about 3.1× the local median household income of $130,000.

Carrying it typically needs a household income of about $77,939 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $130,000
Population: 52,632
Median age: 37.6
Owner / renter: 88% / 12%
Avg. household size: 3.5

Source: Statistics Canada, 2021 Census (FSA L1T)

$399,000

For sale

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Financing

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157 Harrisview Street West, Ajax (Northwest Ajax) - Vacant Land for Sale

Description

Property Details

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (L1T)

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