Overview

This lot in Kapuskasing is for sale. It has been on the market 113 days, fresher than the Kapuskasing average of 123 days.

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Description

The Municipality invites visionary development proposals that unlock the full potential of these premier waterfront lands by maximizing long-term economic growth, expanding housing opportunities, strengthening the municipal tax base, and enhancing recreational and tourism assets, while respecting environmental sustainability and improving public access to the waterfront. The Municipality welcomes proposals of varying scale and encourages proponents to identify innovative development concepts that capitalize on the unique waterfront setting. Of particular interest are mixed-use and residential developments that increase the supply of high-quality housing, including both year-round primary residences and seasonal or recreational accommodations, recognizing the important role each plays in supporting population growth, attracting investment, meeting market demand, and fostering a vibrant waterfront community. Council recognizes that transformative waterfront development can deliver community value well beyond the purchase price of the land. Accordingly, Council may consider graduated land pricing or other development incentives where proponents demonstrate substantial private investment and measurable public benefits. Any such considerations will be evaluated on a case-by-case basis and remain subject to Council approval. This impressive 75-acre waterfront property offering 3,848 feet of frontage along the scenic west side of the Groundhog River. Conveniently located on the south side of Highway 11, just west of the bridge in the Municipality of Fauquier, this remarkable parcel provides endless possibilities. Direct river access with a public boat launch conveniently located just north of the bridge on the east side of the river. (id:66096)

Market Timing

Days on market

113d

Kapuskasing listings, avg age

123d

List price

$225K

Homes here sell slower than most markets

Sold homes in this market spent an average of 61 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 94.2 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 Kapuskasing has been listed for 113 days, which is 10 days fresher than the city average of 123. Act while there is still low competition.

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Area context

Neighbourhood profile (P0L)

This home lists at $225,000, about 2.9× the local median household income of $77,500.

Carrying it typically needs a household income of about $43,950 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $77,500
Population: 22,859
Median age: 42
Owner / renter: 71% / 29%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA P0L)

$225,000

For sale

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Financing

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#Fauquier Highway 11, Kapuskasing - Vacant Land for Sale

Description

Property Details

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (P0L)

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