176 × 775 ft (3.12 acres) lot

Overview

This lot in Joly is for sale. It has been on the market 70 days, fresher than the Joly average of 125 days.

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Description

Waterfront lot on Forest Lake, just outside of South River. The property is 2.2 acres with 175 feet of northern exposure shoreline - sandy bottom with a gradual drop-off, the kind of waterfront that works for swimmers of all ages. A hydro easement runs along the lot line, and the roads are already in - so building could start as soon as you're ready. The lot size and zoning open up the possibility of two homes on the property, or a main home with a guest house for family and friends. However you want to use the space, there's room to do it right. Forest Lake is a quiet, clean lake with great swimming and boating. South River is a short drive for groceries, gas, the hardware store, and everyday errands. North Bay is about 40 minutes in one direction and Huntsville about 40 minutes in the other. The lot next door is also available if you want even more waterfront and privacy. If you've been looking for waterfront land to build on, this is a lot worth seeing in person. (id:66096)

Property Details

MLS®: X13715166
Property Type: Vacant Land
Zoning: SR - Shoreline Residential
Bathrooms: 0
Lot Size: 176 × 775 ft (3.12 acres)
Frontage: 175 ft
Waterfront: Yes
Property Tax: $1,094/yr
Listed: 70 days ago

Features

Lot Features: Irregular lot size

Services

Utilities: Electricity, Wireless

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

70d

Joly listings, avg age

125d

List price

$405K

Homes here sell slower than most markets

Sold homes in this market spent an average of 87 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 87.8 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This vacant land in Joly has been listed for 70 days, which is 55 days fresher than the city average of 125. Act while there is still low competition.

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Listed by Royal LePage Lakes Of Muskoka Realty · EMMA BONNAR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0A)

This home lists at $405,000, about 6.0× the local median household income of $68,000.

Carrying it typically needs a household income of about $79,111 (20% down, 25-yr amortization, stress-tested) — roughly 16% above the area median.

Median household income: $68,000
Population: 17,822
Median age: 56.8
Owner / renter: 87% / 13%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P0A)

$405,000

For sale

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Financing

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0A Forest Lake Road, Joly - Vacant Land for Sale