Description

Approximately 36 Acres Of Vacant Rural Land At The Prominent Intersection Of McCowan Rd & Baseline Rd In Georgina. The Property Directly Borders A Proposed Housing Development And Town Of Georgina-Owned Lands, Creating An Interesting Positioning For Investors And Developers Looking At The Continued Growth And Evolution Of The Surrounding Area. Baseline Rd Is A Regionally Maintained Main Road, With Approximately 8,000-11,000 Vehicles Travelling Through The McCowan Rd/Baseline Rd Intersection Daily. The Property Also Offers Convenient Proximity To The Highway 404 Extension. The Adjoining Development Is Currently Progressing Through Its Development Phases, With Construction Anticipated To Begin In 2027. The Property Presents An Opportunity To Secure Significant Acreage Immediately Alongside This Developing Area, Including Lands Owned By The Town Of Georgina. Located Just Outside The Urban Service Boundary And Directly Bordering It, The Property Is Positioned At An Important Transition Point Between Existing Development And Rural Lands. A Compelling Parcel For Those Evaluating Future Land-Use Opportunities, Development Expansion Or A Longer-Term Hold As The Surrounding Area Continues To Develop. Don't Wait For The Growth To Arrive; It's Already Underway Next Door. (id:66096)

Market Timing

Days on market

48d

Georgina (Sutton & Jackson's Point) listings, avg age

66d

List price

$849K

Homes here sell faster than most markets

Sold homes in this market spent an average of 36 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This vacant land in Georgina (Sutton & Jackson's Point) has been listed for 48 days, which is 18 days fresher than the city average of 66. Act while there is still low competition.

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Area context

Neighbourhood profile (L0E)

This home lists at $849,000, about 9.4× the local median household income of $90,000.

Carrying it typically needs a household income of about $165,839 (20% down, 25-yr amortization, stress-tested) — roughly 84% above the area median.

Median household income: $90,000
Population: 21,898
Median age: 46.8
Owner / renter: 84% / 17%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L0E)

$849,000

For sale

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Financing

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Baseline Road, Georgina (Sutton & Jackson's Point) - Vacant Land for Sale

Description

Property Details

Market Timing

Location

Nearby Places

Neighbourhood profile (L0E)

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