0000 Ril lake Road South, Lake of Bays (Ridout) - Vacant Land for Sale

0000 Ril lake Road South, Lake of Bays (Ridout), Ontario, P0B1A0

0 baths333 × 805 ft (6.15 acres) lotListed 297 days ago

Overview

This lot in Lake of Bays is for sale.

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Description

6.04 Acres - Prime Corner Lot with Excellent Access! The perfect location for your home or cottage. This 6.04-acre vacant lot is located on the corner of South Ril Lake Road and Road 51 and features gently rolling terrain with beautiful hardwood bush, offering privacy and a peaceful natural setting. An excellent driveway is already in place, and the property's layout is ideal for a south-facing build, maximizing sunlight throughout the day. The property is close to a large tract of crown land and offers easy access to miles of trails - perfect for snowmobiling, ATVing, hiking, and outdoor adventure. A wonderful opportunity to create your Muskoka retreat or year-round residence! Possible VTB with a good deposit and buyers are qualified. (id:66096)

Property Details

MLS®: X12687612
Property Type: Vacant Land
Zoning: WR & RU
Bathrooms: 0
Lot Size: 333 × 805 ft (6.15 acres)
Frontage: 333 ft
Property Tax: $275/yr
Listed: 297 days ago

Services

Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

297d

Lake of Bays (Ridout) listings, avg age

82d

List price

$199K

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 93.0 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 Lake of Bays (Ridout) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by Royal LePage Lakes Of Muskoka Realty · ELAINE ARBUCKLE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0B)

This home lists at $199,000, about 2.2× the local median household income of $90,000.

Carrying it typically needs a household income of about $38,872 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $90,000
Population: 9,589
Median age: 53.2
Owner / renter: 91% / 9%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P0B)

$199,000

For sale

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Financing

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