Description

Being sold together with 1580 County Rd 34 (A1-zoned, 3.493 acres w/ tenanted brick ranch bungalow) as a package — see MLS#26020198 for full details. Combined offering totals 5.316 acres with rare A1/M1 zoning flexibility in Kingsville. 1.823 acre parcel zoned M1-1(h) light industrial, currently generating income as rented truck parking. Excellent frontage and depth (164.77 ft x 482.10 ft) offer strong development potential for industrial/business use, or hold as a straightforward investment with existing cash flow in place. Buyer/buyer's agent to verify all permitted uses, setbacks, and development potential directly with the Municipality of Kingsville and Town Planning. (id:66096)

Market Timing

Days on market

72d

Kingsville listings, avg age

69d

List price

$2.80M

Area context

Neighbourhood profile (N0P)

This home lists at $2,800,000, about 35.0× the local median household income of $80,000.

Carrying it typically needs a household income of about $546,938 (20% down, 25-yr amortization, stress-tested) — roughly 584% above the area median.

Median household income: $80,000
Population: 53,140
Median age: 46
Owner / renter: 81% / 19%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N0P)

$2,800,000

For sale

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Financing

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11 DIMAR Drive, Kingsville - Vacant Land for Sale

Description

Property Details

Market Timing

Location

Nearby Places

Neighbourhood profile (N0P)

Book a showing

Need a commercial mortgage?