Description

Discover this truly unique property offering approximately 6 acres of diverse Northern Ontario with convienet highway frontage and drivway. The property features an interesing mix of topography, including elevated areas, classic Canadian Shield terrain, mature bush, marshland and a natural ravine. The combination of higher ground, wooded areas, exposed rock and lower lying natural feature gives this property plenty of character and a distinct Northern Ontario feel. With its varied terrain and natural surroundings, this is an intriguing proeprty for buyers looking for an acerage that offers something different from a typical lot. Property has been severed, currently awaiting registration,new legal description will be updated and provided upon completion of registration. Taxes have not been assessed yet. (id:66096)

Market Timing

Days on market

42d

French River listings, avg age

109d

List price

$100K

Homes here sell slower than most markets

Sold homes in this market spent an average of 110 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 92.8 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 French River has been listed for 42 days, which is 67 days fresher than the city average of 109. Act while there is still low competition.

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Area context

Neighbourhood profile (P0M)

This home lists at $99,999, about 1.2× the local median household income of $86,000.

Carrying it typically needs a household income of about $19,533 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $86,000
Population: 49,727
Median age: 46.8
Owner / renter: 80% / 20%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P0M)

$99,999

For sale

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Financing

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Address not available, French River - Vacant Land for Sale

Description

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Market Timing

Location

Nearby Places

Neighbourhood profile (P0M)

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