Description

RARE DEVELOPMENT OPPORTUNITY! Unlock the massive potential of this prime 4.35-acre residential parcel in the heart of growing Ingersoll. Perfectly positioned with 1176 ft of frontage on Victoria St and over 225 ft of depth, this site is a blank canvas for high-density visionaries. Located just 5 minutes from Hwy 401, it offers the ultimate commuter location for the GTA and London markets. Surrounded by established residential area and steps from local amenities. Don't miss one of the last large-scale parcels in this high-demand pocket. Buyer to verify all services, zoning, amendments, and development charges with the Town of Ingersoll/Oxford/Zorra Township. Zoning is attached. (id:66096)

Property Details

MLS®: X12906684
Property Type: Vacant Land
Business Type: Residential
Zoning: RR (125 Residential development land)
Lot Size: 4.35 acres
Frontage: 1,176 ft
Price per Acre: $96,046 per acre
Heating: No heat
Cooling: None
Property Tax: $2,980.45/yr
Listed: 228 days ago

Market Timing

Days on market

228d

Ingersoll (Ingersoll - North) listings, avg age

109d

List price

$418K

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.

Area context

Neighbourhood profile (N5C)

This home lists at $417,800, about 4.7× the local median household income of $89,000.

Carrying it typically needs a household income of about $81,611 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $89,000
Population: 15,721
Median age: 41.2
Owner / renter: 78% / 22%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N5C)

$417,800

For sale

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Financing

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00 Victoria Street, Ingersoll (Ingersoll - North) - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N5C)

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