Description

1.72-acre property just outside the City limits. The back of the property is extra wide, providing plenty of space to position a home away from the road, surrounded by many mature trees for added privacy. The property has been cleared and includes an existing well, hydro available on the property, and natural gas available at the road. Enjoy the space of a country setting while still being conveniently located approximately 8 minutes to downtown Guelph, 16 minutes to Hespeler, and 2 minutes to the Hanlon Parkway. (id:66096)

Market Timing

Days on market

36d

Guelph/Eramosa listings, avg age

106d

List price

$850K

Homes here sell faster than most markets

Sold homes in this market spent an average of 38 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This vacant land in Guelph/Eramosa has been listed for 36 days, which is 70 days fresher than the city average of 106. Act while there is still low competition.

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Area context

Neighbourhood profile (N1H)

This home lists at $850,000, about 11.0× the local median household income of $77,000.

Carrying it typically needs a household income of about $166,035 (20% down, 25-yr amortization, stress-tested) — roughly 116% above the area median.

Median household income: $77,000
Population: 42,178
Median age: 41.2
Owner / renter: 54% / 46%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N1H)

$850,000

For sale

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Financing

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7244 Wellington Road 124, Guelph/Eramosa - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N1H)

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