Overview

This lot in Blue Mountains is for sale. It has been on the market 2 days, fresher than the Blue Mountains average of 91 days.

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Description

Rare opportunity to build on an infill lot in a prime residential neighbourhood, just two blocks from downtown Thornbury, the Public school, library and dog park. Surrounding land uses are residential. The lot is extra deep, comprised of level terrain and mature trees. A survey is available to the buyer, making pinning the foundation an easy task. Building here will be less costly than demolishing an old build. The current Zoning Bylaw permits a single detached dwelling plus up to two accessory dwelling units. The present owner is a licensed Tarion Warranted homebuilder (Van Strien Developments Inc.); *For Additional Property Details Click The Brochure Icon Below* (id:66096)

Market Timing

Days on market

Blue Mountains listings, avg age

91d

List price

$389K

Homes here sell slower than most markets

Sold homes in this market spent an average of 67 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.5 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This vacant land in Blue Mountains has been listed for 2 days, which is 89 days fresher than the city average of 91. Act while there is still low competition.

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Area context

Neighbourhood profile (N0H)

This home lists at $389,000, about 4.5× the local median household income of $86,000.

Carrying it typically needs a household income of about $75,985 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $86,000
Population: 53,674
Median age: 52.8
Owner / renter: 86% / 14%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N0H)

$389,000

For sale

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Financing

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16 Alfred Street West, Blue Mountains - Vacant Land for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (N0H)

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