Overview

This lot in Lake of the Woods is for sale. It has been on the market 45 days, fresher than the Lake of the Woods average of 201 days.

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Description

Escape to your own private wilderness retreat at Rainy River! Rare opportunity to ownapproximately 160 acres of pristine recreational land at 19501 Forrester Rd, featuring abeautiful mix of open fields, mature bush, pine, and poplar trees. A true paradise for hunters,outdoor enthusiasts, and nature lovers alike. Enjoy endless ATV and snowmobile adventures rightfrom your property, with direct year-round road access from the main road.This expansive parcel offers incredible privacy and unlimited potential for a hunting camp,off-grid cabin, recreational getaway, or future investment. Mineral rights included, addingexceptional long-term value. Located in an area renowned for world-class hunting, fishing,wildlife, and outdoor tourism, Rainy River is known for its breathtaking natural beauty andrecreational lifestyle.Don't miss this affordable chance to own a large piece of Northwestern Ontario paradise - whereadventure, tranquility, and opportunity meet! (id:66096)

Market Timing

Days on market

45d

Lake of the Woods listings, avg age

201d

List price

$95K

Homes here sell slower than most markets

Sold homes in this market spent an average of 91 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 93.3 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 the Woods has been listed for 45 days, which is 156 days fresher than the city average of 201. Act while there is still low competition.

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Area context

Neighbourhood profile (P0W)

This home lists at $95,000, about 1.2× the local median household income of $76,500.

Carrying it typically needs a household income of about $18,557 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $76,500
Population: 6,454
Median age: 42.8
Owner / renter: 85% / 15%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA P0W)

$95,000

For sale

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Financing

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19501 Forrester Road, Lake of the Woods - Vacant Land for Sale

Description

Property Details

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (P0W)

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