Description

Having trouble finding the perfect house? Why not build it?!! This 3 acre building lot is ideally situated just minutes from Hwy 11 for easy commuting North or South. Much of the "prep-work" is done. Culvert in place with cleared driveway and potential building location. Lot has been backfilled and drainage lines installed. Seller will include building plans or you can bring your own! (id:66096)

Features

Lot Features: Level lot, Wooded area, Partially cleared, Level

Services

Utilities: Electricity, Telephone, Electricity Available

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

40d

Gravenhurst (Morrison) listings, avg age

94d

List price

$249K

Homes here sell below asking price

Homes in this market sold for an average of 94.5 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 Gravenhurst (Morrison) has been listed for 40 days, which is 54 days fresher than the city average of 94. Act while there is still low competition.

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Area context

Neighbourhood profile (P0E)

This home lists at $249,000, about 3.0× the local median household income of $83,000.

Carrying it typically needs a household income of about $48,638 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $83,000
Population: 3,606
Median age: 54.4
Owner / renter: 94% / 6%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P0E)

$249,000

For sale

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Financing

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1223 Southwood Road, Gravenhurst (Morrison) - Vacant Land for Sale