Description

Attention All Investors And Developers - Excellent and RARE investment opportunity for 192 Acres of land (App. $14K per Acre!!). This is one of the largest parcels of land currently offered for sale in the Municipality of Durham. The property is only a few minutes away from the 407. Build your dream mansion on this beautiful land or purchase it as an inflation hedge, a haven for protecting cash, or for future developments.. Nearby amenities and services are available, with easy connectivity and accessibility to major highways. There is road frontage on Concession Road 8. (id:66096)

Market Timing

Days on market

105d

Clarington listings, avg age

58d

List price

$2.80M

Homes here sell faster than most markets

Sold homes in this market spent an average of 27 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 98.6 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (L1B)

This home lists at $2,799,999, about 27.7× the local median household income of $101,000.

Carrying it typically needs a household income of about $546,938 (20% down, 25-yr amortization, stress-tested) — roughly 442% above the area median.

Median household income: $101,000
Population: 13,203
Median age: 46
Owner / renter: 89% / 11%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA L1B)

$2,799,999

For sale

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Financing

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4006 Clarke Concession Road 8 Road, Clarington - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Neighbourhood profile (L1B)

Book a showing

Need a commercial mortgage?