Rare opportunity to secure 6.9 acres within one of Southern Georgian Bay's most desirable communities. With approximately 475 feet of frontage on Alfred Street West, this vacant parcel represents a significant landholding within the Thornbury Primary Settlement Area. The property is designated Future Secondary Area and Hazard in the Town of The Blue Mountains Official Plan, positioning the lands for future development subject to the required secondary planning process. Approximately 5.7 acres have been identified as anticipated developable area, with potential for a future mix of residential uses including single-detached, semi-detached and townhouse development, subject to all applicable approvals. Located on the western edge of established Thornbury, the property offers an opportunity to secure a substantial parcel within an identified future growth area, while its size and setting also present an alternative opportunity to create a private estate with long-term land value. Currently zoned Development (D) and Hazard (H), with a tributary and environmental features affecting a portion of the lands. Just minutes from Thornbury's shops, restaurants, harbour and Georgian Bay, and within easy reach of the area's private ski clubs, golf, trails and four-season recreation, this is a unique opportunity to invest, develop or create a significant private holding in the heart of The Blue Mountains. Planning opinion available upon request. Buyer to conduct their own due diligence and satisfy themselves with respect to permitted uses, development potential, density, servicing, environmental matters and all municipal and agency requirements and approvals. (id:66096)
Property Details
MLS®
X13779424
Property Type
Vacant Land
Zoning
D & H
Bathrooms
0
Lot Size
490 × 742 ft (8.35 acres)
Frontage
490 ft
Property Tax
$75.88/yr
Listed
51 days ago
Features
Lot Features
Irregular lot size
Services
Utilities
Cable
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
51d
Blue Mountains listings, avg age
91d
List price
$3.00M
Long Listed: 51 days on market, against an average age of 91 days across the listings currently for sale in this city
Market timing · days on market0 → 91d avg age of current listings
Long Listed · day 51
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 51 days, which is 40 days fresher than the city average of 91. Act while there is still low competition.
Listed by Forest Hill Real Estate Inc. · SUE CREED
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (N0H)
This home lists at $2,999,999, about 34.9× the local median household income of $86,000.
Carrying it typically needs a household income of about $586,005 (20% down, 25-yr amortization, stress-tested) — roughly 581% above 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)
$2,999,999
For sale
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