This lot in Kincardine is for sale.

Description

This property has the possibilities and flexibility for an Individual or Developer to transform this land into a fine housing area in Tiverton. (It is zoned roughly half R1 Residential and the other half PD Planned Development) The 2.80 acre package currently has a house on it that is deemed beyond repair but also a 20'x40' pole and steel shed. The laneway to the property is actually a 330' long by 25' Municipal road which would be very beneficial for development. Located minutes from the Bruce Nuclear Power Development this property could become a popular new housing area for single family, semi-detached or apartment complexes. The Buyer must due their own due diligence concerning Municipal building requirements. (id:66096)

Property Details

MLS®: X12056199
Property Type: Vacant Land
Zoning: R1; PD
Bathrooms: 0
Lot Size: 173 × 663 ft (2.63 acres)
Frontage: 173 ft
Property Tax: $2,864/yr
Listed: 581 days ago

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

581d

Kincardine listings, avg age

132d

List price

$800K

Haho

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Listed by RE/MAX Land Exchange Ltd. · EIAN FARRELL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0G)

This home lists at $799,900, about 9.6× the local median household income of $83,000.

Carrying it typically needs a household income of about $156,248 (20% down, 25-yr amortization, stress-tested) — roughly 88% above the area median.

Median household income: $83,000
Population: 86,935
Median age: 40.8
Owner / renter: 80% / 20%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N0G)

$799,900

For sale

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Financing

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48 King Street, Kincardine - Vacant Land for Sale