16904 HIGHWAY 7 Highway, Drummond/North Elmsley, Ontario, K7H3C8
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$1,595,000
Drummond/North Elmsley
This multi-family property in Drummond/North Elmsley is for sale offering roughly 350 sq ft of space.
Here's an opportunity to develop a mixed use residential (zoned R4) property just 1 km east of the town of Perth. Take advantage of all the amenities Perth has to offer by building immediately next to its neighbouring township. This 15.594 acre lot currently established with a multi-residential 6 unit and 2 single dwelling properties fronting the highway and are being sold "where-is, as-is" ready for your development plans -the brown bungalow fronting the highway is perfect for a site office along with a steel shed with a garage door for equipment storage.. The second parcel at 16918 is single dwelling is also being sold "as-is, where-is" and measures .442acres. The land is level and dry, there is no surface water on the property. There is also an older environmental study for the 16904 parcel which indicated the property as clean. 24 Hrs. irrevocable please. *** All persons wishing to access to the property must be be accompanied by a Realtor *** (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 565 days on market, against an average age of 108 days across the listings currently for sale in this city
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.
This 12-bed multi-family in Drummond/North Elmsley is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,595,000, about 19.5× the local median household income of $82,000.
Carrying it typically needs a household income of about $311,559 (20% down, 25-yr amortization, stress-tested) — roughly 280% above the area median.
Source: Statistics Canada, 2021 Census (FSA K7H)
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Loading rates, 30-yr amortization
Cash Needed to Close
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