Overview

This lot in Drummond/North Elmsley is for sale. It has been on the market 51 days, fresher than the Drummond/North Elmsley average of 108 days.

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Description

A fantastic opportunity to create the home you've been dreaming of on this beautiful lot just under 2 acres in the peaceful community of Ferguson Falls. Offering the perfect balance of country living and convenience, this property is ideally located approximately halfway between Perth and Carleton Place, with an easy commute into Ottawa. With the driveway entrance already completed, you're one step closer to bringing your plans to life. Enjoy the space, and relaxed rural setting while still being within easy reach of shopping, schools, restaurants, recreation, and everyday amenities. Whether you're looking to build your forever home, escape the city, or simply enjoy a little more room to breathe, this property offers an exciting opportunity in a great location. Great location. Endless potential. Your future starts here. Fiber Internet available. (id:66096)

Market Timing

Days on market

51d

Drummond/North Elmsley listings, avg age

108d

List price

$187K

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 51 days, which is 57 days fresher than the city average of 108. Act while there is still low competition.

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Area context

Neighbourhood profile (K0G)

This home lists at $187,000, about 2.0× the local median household income of $94,000.

Carrying it typically needs a household income of about $36,528 (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)

$187,000

For sale

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Financing

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Description

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Market Timing

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Neighbourhood profile (K0G)

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