75 KING Street East, Ingersoll - Vacant Land for Sale

75 KING Street East, Ingersoll, Ontario, N5C1G6

Overview

This lot in Ingersoll is for sale. It has been on the market 55 days, fresher than the Ingersoll average of 79 days.

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Description

Prime Development Opportunity in Ingersoll! An exceptional, shovel-ready project featuring a fully assembled and zoning-approved site for a 24-unit stacked condominium development. Each thoughtfully designed unit offers 2 bedrooms and 2 bathrooms, appealing to today’s high-demand rental and ownership market. Pre-development work has been completed, including architectural drawings, professional renderings, and surveys, saving valuable time and upfront costs for the next owner. Ideally located near downtown Ingersoll, this property benefits from close proximity to major amenities, the local hospital, and easy highway access, making it a highly attractive investment opportunity. Whether you’re an experienced developer or looking to expand your real estate portfolio, this project is ready to move forward. Access to the property is permitted by appointment only and must be arranged through the listing agent. Don’t miss this outstanding opportunity to bring a well-planned development to life in a growing community. (id:66096)

Property Details

MLS®: 40862034
Property Type: Vacant Land
Zoning: R3
Frontage: 106 ft
Basement: None
Ownership: Freehold
Property Tax: $2,182/yr
Listed: 55 days ago

Services

Water: Municipal water
Sewer: Municipal sewage system
Utilities: Natural Gas, Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

55d

Ingersoll listings, avg age

79d

List price

$1.60M

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 Ingersoll has been listed for 55 days, which is 24 days fresher than the city average of 79. Act while there is still low competition.

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Listed by SMART FROM HOME REALTY LIMITED · EMANUEL CATANA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5C)

This home lists at $1,600,000, about 18.0× the local median household income of $89,000.

Carrying it typically needs a household income of about $312,536 (20% down, 25-yr amortization, stress-tested) — roughly 251% above 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)

$1,600,000

For sale

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Financing

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