Description

Rare opportunity to acquire an expansive 49.94 aces parcel of vacant land in East Gwillimbury, one of the fastest-growing and best-connected municipalities north of the Greater Toronto Area. This substantial holding presents a genuine land-banking and long-term investment opportunity. The property is predominantly treed, offering natural privacy, mature landscape and secluded character that is increasing difficult to find at this scale with in reach of the city. Portions of the property are subject to Lake Simcoe Conservation Authority (LSRCA) regulation. Buyers should conduct their own due diligence with the municipality and LSRCA regarding permitted uses, developable area, and any required approvals. (id:66096)

Market Timing

Days on market

16d

East Gwillimbury listings, avg age

58d

List price

$400K

Homes here sell faster than most markets

Sold homes in this market spent an average of 36 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This vacant land in East Gwillimbury has been listed for 16 days, which is 42 days fresher than the city average of 58. Act while there is still low competition.

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Area context

Neighbourhood profile (L0G)

This home lists at $399,900, about 3.4× the local median household income of $118,000.

Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $118,000
Population: 44,945
Median age: 41.6
Owner / renter: 88% / 12%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA L0G)

$399,900

For sale

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Financing

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22262 Highway 48, East Gwillimbury - Vacant Land for Sale

Description

Property Details

Market Timing

Location

Nearby Places

Neighbourhood profile (L0G)

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