$1,495,000
Armour
63 Leggets Road, Armour (Katrine), Ontario, P0A1L0
This lot in Armour is for sale. It has been on the market 28 days, fresher than the Armour average of 57 days.
RARE CLASS A - CATEGORY 3 LICENSED SAND PIT in the Township of Armour, offering approximately 60 acres in a strategic location with convenient access to the Exit #252 Highway 11 corridor and the Burk's Falls/Almaguin market. An increasingly difficult type of property to reproduce, considering the professional studies, regulatory approvals, public consultation, time and expense associated with establishing a new Class A aggregate operation. The existing licence and approved site plan provide a significant advantage for an aggregate, excavation, construction or infrastructure operator.Original professional hydrogeological investigation included a water-well survey, geological review and five test pits across the licensed property. Test pits extended approximately 17-18 feet and documented predominantly fine and silty sand, with some fine-to-medium sand. All five were dry upon completion and no bedrock was reported in the test-pit logs. Letter Of Opinion A large percentage of the extraction area has already been cleared of original-growth trees, with portions previously stripped, significantly reducing the initial clearing and site-preparation work required before extraction. Operational/table land is retained near the Leggett Road entrance, providing useful working area for a future operation.The material has historically been utilized primarily for backfill, septic mantling and general fill applications. An exceptional opportunity to acquire an established Class A licensed aggregate property rather than undertake the considerable cost, time and uncertainty involved in attempting to license a new site. Buyer to complete their own due diligence regarding aggregate quantity, quality, licensing, permitted extraction and intended use. (id:66096)
Extended: 28 days on market, against an average age of 57 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 92.7 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This vacant land in Armour (Katrine) has been listed for 28 days, which is 29 days fresher than the city average of 57. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,495,000, about 22.0× the local median household income of $68,000.
Carrying it typically needs a household income of about $292,026 (20% down, 25-yr amortization, stress-tested) — roughly 329% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0A)
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