Description

Over 100 acres of vacant land with an aggregate licence already secured. Mixed aggregates on site, paved road frontage and close to other aggregate extraction operations. Currently in agricultural use, which can provide interim income. The licence is already in place, so buyers skip the lengthy approval process. An ideal opportunity for aggregate producers, contractors or investors. Contact the listing agent for licence details and site plans. Estimated availability and pertinent documents will be provided after the signing of an NDA. (id:66096)

Market Timing

Days on market

15d

Lambton Shores listings, avg age

99d

List price

$5.00M

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.

Haho

This vacant land in Lambton Shores has been listed for 15 days, which is 84 days fresher than the city average of 99. Act while there is still low competition.

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Area context

Neighbourhood profile (N0M)

This home lists at $5,000,097, about 54.9× the local median household income of $91,000.

Carrying it typically needs a household income of about $976,694 (20% down, 25-yr amortization, stress-tested) — roughly 973% above the area median.

Median household income: $91,000
Population: 69,177
Median age: 46
Owner / renter: 82% / 18%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N0M)

$5,000,097

For sale

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Financing

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8152 BOG Line, Lambton Shores - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N0M)

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Need a commercial mortgage?