$999,900
Espanola
PT LT 8 Queensway Avenue, Espanola, Ontario, P5E1K2
This lot in Espanola is for sale. It has been on the market 20 days, fresher than the Espanola average of 61 days.
31+ Acres | Residential Development Potential in Espanola! An exciting opportunity to own just over 31 acres with multiple zoning designations and potential for future residential development. Approximately 12.68 acres have been brought within the Town's Urban Service Boundary and designated for residential use. These lands are zoned R1-h, which allows for uses such as single detached homes, duplexes, apartment buildings with up to four units, and additional residential units, subject to applicable zoning regulations. Existing municipal infrastructure capacity supports the proposed development. The remaining acreage offers potential for large residential estate lot layouts. Spanning over 31 acres, this property is an opportunity to explore its potential. Buyers are advised to verify municipal hookup requirements directly with the municipality. Currently, no municipal development charges are levied by the Town of Espanola. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 20 days on market, against an average age of 61 days across the listings currently for sale in this city
This vacant land in Espanola has been listed for 20 days, which is 41 days fresher than the city average of 61. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $999,900, about 12.7× the local median household income of $78,500.
Carrying it typically needs a household income of about $195,315 (20% down, 25-yr amortization, stress-tested) — roughly 149% above the area median.
Source: Statistics Canada, 2021 Census (FSA P5E)
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