Overview

This lot in Guelph is for sale offering roughly 350 sq ft of space. It has been on the market 16 days, fresher than the Guelph average of 57 days.

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Description

Prime serviced residential lot located in Guelph's highly desirable St. Patrick's Ward, offering exceptional potential for builders, developers, investors, or those looking to create a custom home. This unique property presents the opportunity to either create two residential lots, build a substantial custom home on an oversized double lot, or explore the development of multi-unit income properties (all subject to municipal approvals).The existing home may be partially demolished, and potential development credits may be available. HST is included in the purchase price. Ideally situated just minutes from downtown Guelph, parks, schools, public transit, and everyday amenities, this is a rare opportunity to secure a property with outstanding flexibility in one of the city's fastest-growing neighborhoods. Buyers are encouraged to complete their own due diligence regarding zoning, severance, permits, development charges, and all future development potential. (id:66096)

Market Timing

Days on market

16d

Guelph (St. Patrick's Ward) listings, avg age

57d

Price / ft²

$827

List price

$289K

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.

Homes here sell close to asking price

Homes in this market sold for an average of 97.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This vacant land in Guelph (St. Patrick's Ward) has been listed for 16 days, which is 41 days fresher than the city average of 57. Act while there is still low competition.

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Area context

Neighbourhood profile (N1E)

This home lists at $289,000, about 3.0× the local median household income of $96,000.

Carrying it typically needs a household income of about $56,452 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $96,000
Population: 44,799
Median age: 38.4
Owner / renter: 74% / 26%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N1E)

$289,000· $827/ft²

For sale

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Financing

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39 Menzie Avenue, Guelph (St. Patrick's Ward) - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N1E)

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