22 John Street, Madoc - Vacant Land for Sale

22 John Street, Madoc, Ontario, K7R3K7

0 baths10 × 132 ft (1,382 sq ft) lotListed 40 days ago

Overview

This lot in Madoc is for sale. It has been on the market 40 days, fresher than the Madoc average of 88 days.

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Description

This vacant building lot is located on a quiet side street in the hamlet of El Dorado, just five minutes north of Madoc and Highway 7. With frontage along the Hastings Heritage Trail, the property offers an appealing setting for outdoor enthusiasts, with hiking, biking, ATVing and year-round recreation right at your doorstep. The property was previously developed, and the foundation from a former building remains visible on site. A former well has since been filled in. Hastings County mapping indicates the property is zoned R2, while Quinte Conservation mapping indicates that a small portion of the southwest corner may fall within a regulated area. Whether you're considering a future building project or looking for an affordable piece of land with direct access to one of the area's great recreational trail systems, this property is well worth a look. (id:66096)

Property Details

MLS®: X13827176
Property Type: Vacant Land
Zoning: R1
Bathrooms: 0
Lot Size: 10 × 132 ft (1,382 sq ft)
Frontage: 11 ft
Property Tax: $698.14/yr
Listed: 40 days ago

Services

Utilities: Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

40d

Madoc listings, avg age

88d

List price

$80K

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.

Haho

This vacant land in Madoc has been listed for 40 days, which is 48 days fresher than the city average of 88. Act while there is still low competition.

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Listed by Re/Max Quinte Ltd. · Andrew Walmsley

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K7R)

This home lists at $80,000, about 1.0× the local median household income of $77,000.

Carrying it typically needs a household income of about $15,627 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $77,000
Population: 15,480
Median age: 50.4
Owner / renter: 71% / 30%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K7R)

$80,000

For sale

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Financing

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