$879,000

For sale

LOT 16 GREY ROAD 17, Georgian Bluffs - Vacant Land for Sale

LOT 16 GREY ROAD 17, Georgian Bluffs, Ontario, N0H2T0

99 acres lotListed 65 days ago

Overview

This lot in Georgian Bluffs is for sale. It has been on the market 65 days, fresher than the Georgian Bluffs average of 105 days.

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Description

Investment Opportunity "GREYSTONE ESTATES" is a distinctive 99.2-acre holding offering significant development potential. The property benefits from a Draft Plan of a subdivision for 12 estate-sized lots. These will be situated on a quiet cul-de-sac across approximately 27 acres, complemented by a 57-acre open space block and a 17.9-acre parcel designated as environmentally sensitive lands. The property is well treed, predominantly hardwood, and includes a County Forest reserve along the southern boundary, enhancing privacy and natural appeal. An unopened road allowance runs the full length of the westerly boundary, to the South into Mountain lake (Sideroad 315). Snowmobile and ATV trails are accessible along Grey Road 17 in this area. Ideally located just two minutes from Mountain Lake and approximately 8 minutes from Wiarton, this property offers a desirable balance of natural surroundings and proximity to town amenities. Buyer to complete their own due diligence regarding development approvals and progression. (id:66096)

Property Details

MLS®: X13736286
Property Type: Vacant Land
Business Type: Residential
Zoning: OS / R1
Lot Size: 99 acres
Frontage: 1,346 ft
Price per Acre: $8,861 per acre
Property Tax: $3,441.93/yr
Listed: 65 days ago

Market Timing

Days on market

65d

Georgian Bluffs listings, avg age

105d

List price

$879K

Homes here sell slower than most markets

Sold homes in this market spent an average of 63 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 94.2 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 Georgian Bluffs has been listed for 65 days, which is 40 days fresher than the city average of 105. Act while there is still low competition.

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Listed by LPT Realty · ADAM LESPERANCE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0H)

This home lists at $879,000, about 10.2× the local median household income of $86,000.

Carrying it typically needs a household income of about $171,699 (20% down, 25-yr amortization, stress-tested) — roughly 100% above the area median.

Median household income: $86,000
Population: 53,674
Median age: 52.8
Owner / renter: 86% / 14%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N0H)

$879,000

For sale

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