Description

Significant due diligence has already been completed, including survey, topographic survey, slope stability report, concept plans and engineeringwork, saving valuable time and expense. The 129' X 94' LOT has been cleared and is ready for developers. For buyers seeking a custom home, the City has advised a single-family residence may proceed with a septic system eliminating the need for the sewer extension. Building permit drawings and septic design for a custom home are available. An outstanding opportunity for builders, developers or those looking to create a dream home on a premium lot with extensive planning work already completed. Rare development opportunity with exceptional flexibility! This parcel offers multiple possibilities-from a custom estate home to duplex, triplex, fourplex, semis or a 5-unit freehold street townhouse development. Concept plans, renderings and supporting reports are available for a proposed townhouse project incorporating additional residential units (ARUs) for up to 12 total dwelling units. (id:66096)

Market Timing

Days on market

Kitchener listings, avg age

53d

List price

$600K

Homes here sell faster than most markets

Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 100.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This vacant land in Kitchener has been listed for 0 days, which is 53 days fresher than the city average of 53. Act while there is still low competition.

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Area context

Neighbourhood profile (N2M)

This home lists at $599,900, about 8.4× the local median household income of $71,500.

Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 64% above the area median.

Median household income: $71,500
Population: 36,494
Median age: 36.4
Owner / renter: 46% / 54%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N2M)

$599,900

For sale

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Financing

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45 Burnside Avenue, Kitchener - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N2M)

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