Description

Development opportunity on Townline road in sought after Carleton Place. 107 x 117 foot lot (0.3 acre). This site was previously Development Permit Approved to build a 3-story low rise apartment building. The development included 14 rental apartment units and 21 parking spaces. Many possible development opportunities. Buyers must do their own due diligence with the township for future development potential. Walking distance to downtown core, stores & restaurants. (id:66096)

Market Timing

Days on market

19d

Carleton Place listings, avg age

56d

List price

$580K

Homes here sell close to asking price

Homes in this market sold for an average of 98.0 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 Carleton Place has been listed for 19 days, which is 37 days fresher than the city average of 56. Act while there is still low competition.

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Area context

Neighbourhood profile (K7C)

This home lists at $579,900, about 5.9× the local median household income of $99,000.

Carrying it typically needs a household income of about $113,275 (20% down, 25-yr amortization, stress-tested) — roughly 14% above the area median.

Median household income: $99,000
Population: 20,382
Median age: 44
Owner / renter: 79% / 21%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA K7C)

$579,900

For sale

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Financing

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31 TOWNLINE Road, Carleton Place - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (K7C)

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Need a commercial mortgage?