Description

Excellent opportunity to build your dream home or invest in the future! This spacious 1.80-acre vacant lot offers approximately 142 feet of frontage and is situated in an established neighbourhood along Highway 7.The property features level terrain with a few mature trees toward the front, providing natural privacy. Electricity and natural gas are readily accessible, making this an ideal site for future development.Currently zoned Residential, the property permits single-family residential construction and may allow accessory structures, subject to municipal approvals and applicable zoning requirements.Conveniently located just 8 minutes from the University of Guelph and downtown Guelph, with easy access to schools, shopping, parks, and other amenities. (id:66096)

Market Timing

Days on market

76d

Guelph/Eramosa listings, avg age

107d

List price

$600K

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 76 days, which is 31 days fresher than the city average of 107. Act while there is still low competition.

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Area context

Neighbourhood profile (N1H)

This home lists at $599,995, about 7.8× the local median household income of $77,000.

Carrying it typically needs a household income of about $117,200 (20% down, 25-yr amortization, stress-tested) — roughly 52% 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)

$599,995

For sale

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Financing

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8013 Highway 7 South, Guelph/Eramosa - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N1H)

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