Description

Investment Land - 19.11 Acres Adjacent To Existing Residential Subdivision In The Hamlet Of Ospringe at the Intersection Of Highway 124 & 125. 3 Bedroom Farmhouse, 2200 Sq Ft Bank Barn, 7200 Sq Ft Coverall. Generate Income While Waiting On Development. The Opportunity Is Waiting For You. **EXTRAS** *Vendor Financing Available." Re-Zoning And Due Diligence The Responsibility Of The Buyer (id:66096)

Property Details

MLS®: X13738456
Property Type: Agriculture
Zoning: Agriculture
Lot Size: 19 acres
Frontage: 842 ft
Price per Acre: $157,632 per acre
Heating: Hot Water
Cooling: None
Property Tax: $2,873.98/yr
Listed: 64 days ago

Market Timing

Days on market

64d

Erin listings, avg age

67d

List price

$3.00M

Homes here sell faster than most markets

Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This agriculture in Erin has been listed for 64 days, which is 3 days fresher than the city average of 67. Act while there is still low competition.

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Area context

Neighbourhood profile (N1H)

This home lists at $2,995,000, about 38.9× the local median household income of $77,000.

Carrying it typically needs a household income of about $585,028 (20% down, 25-yr amortization, stress-tested) — roughly 660% above the area median.

Median household income: $77,000
Population: 42,178
Median age: 41.2
Owner / renter: 54% / 46%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N1H)

$2,995,000

For sale

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Financing

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8863 Wellington 124 Road, Erin - Agriculture for Sale