$1,150,000

For saleJust listed

8370 Wellington 124 Road, Guelph/Eramosa - Vacant Land for Sale

8370 Wellington 124 Road, Guelph/Eramosa, Ontario, N0B2K0

0 baths2,750 ft²Listed Yesterday

Overview

This lot in Guelph/Eramosa is for sale offering roughly 2,750 sq ft of space. It has been on the market 1 day, fresher than the Guelph/Eramosa average of 106 days.

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Description

+/-11.06-acre of land offers access from two separate streets and presents an excellent opportunity to replace existing dwelling or redevelop the property for other permitted uses. Existing home is deteriorated/dangerous state. Do not enter. Shop/Garage is usable. Development potential with the possibility to create 4-6 residential lots through a Plan of Subdivision application. Buyer to conduct their own due diligence regarding subdivision potential. A range of permitted uses may be allowed, including residential, agricultural, and certain commercial or service-related uses, subject to Section 21.58 of Zoning By-law 40-2016 and applicable EP zoning provisions. Possible uses include automotive or workshop uses, farm implement dealership, automobile service/public garage, welding shop, veterinary clinic, motorcycle sales, and more. Please review marketing materials before booking a showing. Please do not walk the property without an appointment. (id:66096)

Property Details

MLS®: X14145356
Property Type: Vacant Land
Zoning: Agricultural & EP
Bathrooms: 0
Interior Size: 2,750 ft²
Heating: Other, Other
Garage: Garage, Other
Property Tax: $6,858.51/yr
Listed: Yesterday

Features

Lot Features: Irregular lot size

Services

Water: Drilled Well
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Guelph/Eramosa listings, avg age

106d

Price / ft²

$418

List price

$1.15M

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 1 day, which is 105 days fresher than the city average of 106. Act while there is still low competition.

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Listed by D. W. GOULD REALTY ADVISORS INC. · DEREK GOULD

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0B)

This home lists at $1,150,000, about 9.6× the local median household income of $120,000.

Carrying it typically needs a household income of about $224,635 (20% down, 25-yr amortization, stress-tested) — roughly 87% above the area median.

Median household income: $120,000
Population: 86,919
Median age: 42.8
Owner / renter: 88% / 12%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA N0B)

$1,150,000· $418/ft²

For sale

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Financing

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