Overview

This lot in Faraday is for sale offering roughly 350 sq ft of space. It has been on the market 86 days, fresher than the Faraday average of 132 days.

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Description

Escape to Paudash and build your next home on this 1/2 Acre vacant lot that is available immediately. This level lot has a 15x25 foot Concrete slab to build on plus the bonus of a drilled well and septic system. The original home is no longer there but with some permits and due diligence done before building, this would be a good community to live in or build an investment property. Situated about 10 Minutes south west of Bancroft on a year round township maintained road, this property is just a short walk to Vance Lake, Bigfools and Paudash Lake for swimming and boating. Value priced to sell don't miss your opportunity to own this great building lot. (id:66096)

Features

Foundation: Slab
Lot Features: Level lot, Wooded area

Services

Water: Drilled Well
Sewer: Septic System
Utilities: Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

86d

Faraday listings, avg age

132d

Price / ft²

$255

List price

$89K

Homes here sell below asking price

Homes in this market sold for an average of 93.8 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 Faraday has been listed for 86 days, which is 46 days fresher than the city average of 132. Act while there is still low competition.

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Area context

Neighbourhood profile (K0L)

This home lists at $89,000, about 1.1× the local median household income of $79,000.

Carrying it typically needs a household income of about $17,385 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $79,000
Population: 78,142
Median age: 54
Owner / renter: 88% / 12%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K0L)

$89,000· $255/ft²

For sale

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Financing

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92 Paudash School Road, Faraday - Vacant Land for Sale