Overview

This lot in Drummond/North Elmsley is for sale. It has been on the market 63 days, fresher than the Drummond/North Elmsley average of 107 days.

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Description

Opportunity awaits with this unique rural property situated on approximately 7 acres and zoned RU - Rural. Offering an impressive amount of space and versatility, this property presents an exciting opportunity for buyers looking for acreage with the flexibility to explore a variety of potential uses. Whether you are looking for additional land, space for equipment or storage, an investment opportunity, or a property where you can bring your own vision to life, this substantial parcel offers plenty of possibilities.With approximately 7 acres to work with, buyers can appreciate the space and potential that come with a larger rural property while exploring uses that suit their individual needs, subject to zoning and applicable approvals.Adding to the opportunity, two neighbouring properties are also currently available for sale. Buyers may purchase this property individually or explore the possibility of acquiring all three properties together, creating a significant combined landholding and opening the door to even greater possibilities. A unique opportunity for investors, business owners, contractors or buyers seeking rural acreage with room to grow. Buyers are encouraged to conduct their own due diligence regarding zoning, permitted uses, future development potential, measurements, building condition, servicing requirements and all applicable municipal approvals. (id:66096)

Market Timing

Days on market

63d

Drummond/North Elmsley listings, avg age

107d

List price

$325K

Homes here sell slower than most markets

Sold homes in this market spent an average of 64 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 93.0 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 Drummond/North Elmsley has been listed for 63 days, which is 44 days fresher than the city average of 107. Act while there is still low competition.

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Area context

Neighbourhood profile (K0G)

This home lists at $325,000, about 3.5× the local median household income of $94,000.

Carrying it typically needs a household income of about $63,484 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $94,000
Population: 39,862
Median age: 50.4
Owner / renter: 88% / 12%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA K0G)

$325,000

For sale

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Financing

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00 Burns Road, Drummond/North Elmsley - Vacant Land for Sale

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (K0G)

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