$1,550,000

For sale

0 Mervin Line, Cavan Monaghan (Cavan-Monaghan) - Vacant Land for Sale

0 Mervin Line, Cavan Monaghan (Cavan-Monaghan), Ontario, K9J6Z9

58 acres lotListed 84 days ago

Overview

This lot in Cavan Monaghan is for sale. It has been on the market 84 days, fresher than the Cavan Monaghan average of 103 days.

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Description

58.54 acre vacant land Airport industrial site next to the Peterborough airport and runways. This site is in the Cavan Monaghan township M5 Airport industrial zone for future airport related uses. It is adjacent to hangers and the main runway at the Peterborough airport. The Peterborough airport has the longest runway between Toronto and Ottawa and services many airport businesses including repair, restoration, painting as well as the Seneca College Flight School. Zoning allows many uses including accommodation, convention and trade centre and warehousing or offices as long as they are airport related. 2026 will bring an extension to one runway to 7000 feet and a new terminal building is being constructed. Arial maps, zoning maps, conservation mapping and other documentation including 2024 Phase I Environmental Report is available through the Listing Broker. This entire area including the airport is next to the Otonabee River and in the Otonabee region Conservation Area mapping region. The federal government has jurisdiction over airports and the lands surrounding. No survey available. **EXTRAS** Zoning, mapping, and other property documentation is available. (id:66096)

Property Details

MLS®: X13666786
Property Type: Vacant Land
Business Type: Industrial
Zoning: M5 Airport Industrial
Lot Size: 58 acres
Frontage: 1,839 ft
Price per Acre: $26,478 per acre
Heating: No heat
Cooling: None
Property Tax: $19,770/yr
Listed: 84 days ago

Features

Lot Features: Conservation/green belt

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

84d

Cavan Monaghan (Cavan-Monaghan) listings, avg age

103d

List price

$1.55M

Homes here sell close to asking price

Homes in this market sold for an average of 99.3 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 Cavan Monaghan (Cavan-Monaghan) has been listed for 84 days, which is 19 days fresher than the city average of 103. Act while there is still low competition.

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Listed by Royal LePage Frank Real Estate · Andrew Galvin

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K9J)

This home lists at $1,550,000, about 21.4× the local median household income of $72,500.

Carrying it typically needs a household income of about $302,769 (20% down, 25-yr amortization, stress-tested) — roughly 318% above the area median.

Median household income: $72,500
Population: 44,547
Median age: 44
Owner / renter: 62% / 38%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K9J)

$1,550,000

For sale

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