Overview

This lot in Drummond/North Elmsley is for sale. It has been on the market 54 days, fresher than the Drummond/North Elmsley average of 107 days.

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Description

Rare 55-Acre Investment or development opportunity. Located just West of Smiths Falls! The property consists of two parcels with frontage on both County Road 43 and Glenview Road, currently zoned residential, this property offers significant future development potential, with rezoning considered highly probable. An excellent opportunity for investors, developers, or entrepreneurs looking for a strategically located property with highway exposure and multiple access points. Imagine the possibilities - build your home, establish your business, hold for future development, or capitalize on the property's long-term growth potential. Just minutes west of Smiths Falls excellent access and highway exposure. Two parcels sold together as one property. Frontage on County Road 43 & Glenview Road Two entrances from County Road 43. Possible partial Vendor Take-Back (VTB) financing available to an approved buyer. Opportunities like this are becoming increasingly difficult to find. A large parcel, excellent location, highway exposure, and multiple potential uses make this a property worth serious consideration. (id:66096)

Market Timing

Days on market

54d

Drummond/North Elmsley listings, avg age

107d

List price

$399K

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 54 days, which is 53 days fresher than the city average of 107. Act while there is still low competition.

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Area context

Neighbourhood profile (K7A)

This home lists at $399,443, about 5.4× the local median household income of $74,500.

Carrying it typically needs a household income of about $78,025 (20% down, 25-yr amortization, stress-tested) — roughly 5% above the area median.

Median household income: $74,500
Population: 17,575
Median age: 46.8
Owner / renter: 72% / 28%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K7A)

$399,443

For sale

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Financing

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00 County 43 Road, Drummond/North Elmsley - Vacant Land for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (K7A)

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