Description

Build To Suit - This expansive 19.4-acre parcel of vacant land offers an incredible development opportunity with C4 zoning, which permits construction up to 350,000 sq ft of building space & unlocks a range of commercial, retail, and mixed-use possibilities for this prime property. In addition to the development potential, the land currently generates an income of approximately $5,000 per year from its well, providing a steady revenue stream. With its ample size and prime zoning status on the horizon, this site represents a rare opportunity for investors and developers to capitalize on a high-growth area. (id:66096)

Market Timing

Days on market

33d

Leamington listings, avg age

73d

List price

$5.97M

Haho

This vacant land in Leamington has been listed for 33 days, which is 40 days fresher than the city average of 73. Act while there is still low competition.

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Area context

Neighbourhood profile (N8H)

This home lists at $5,975,000, about 76.6× the local median household income of $78,000.

Carrying it typically needs a household income of about $1,167,127 (20% down, 25-yr amortization, stress-tested) — roughly 1396% above the area median.

Median household income: $78,000
Population: 27,530
Median age: 41.6
Owner / renter: 68% / 32%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA N8H)

$5,975,000

For sale

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Financing

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V/L Mersea Rd 5, Leamington - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N8H)

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