Description

Welcome to 17556 Highway 62. This 6.1 Acre Lot has two parcels; a 1.2 acre parcel off of Highway 62 with a driveway and a newly acquired 911 number that is zoned Rural. The other 4.9 acres crosses over the Heritage Trail, abuts the Moira River, and is zoned Rural with a small portion zoned Environmentally Protected. Wildlife surrounds this peaceful setting with over 500 feet on the river. This is a perfect building lot with access to the Moira River and the Heritage Trail. Lots of great fun to be had here and a great building lot as well. A trail off Highway 62 just north of the bridge accesses the trail as well as the property. Driveway entrance installed and needs to have additional fill. Lot has been partially cleared. Come check this Property out!!! (id:66096)

Market Timing

Days on market

239d

Madoc listings, avg age

88d

List price

$124K

Homes here sell slower than most markets

Sold homes in this market spent an average of 73 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 92.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (K0K)

This home lists at $124,000, about 1.5× the local median household income of $83,000.

Carrying it typically needs a household income of about $24,222 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $83,000
Population: 115,850
Median age: 50.8
Owner / renter: 86% / 14%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA K0K)

$124,000

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Financing

Need a commercial mortgage?

Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.

Inquire about financing →

Planning to build?

Before you offer on a development site, know what you can build. PreBuildIQ delivers zoning verdicts and required study scopes for any Ontario address in 60 seconds.

Check your site with PreBuildIQ →

17556 Highway 62, Madoc - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (K0K)

Book a showing

Need a commercial mortgage?