Description

Vacant land on Axe Lake Rd being sold via Power of Sale. Featuring 1,876 feet of frontage along Axe Lake Rd, this 22-acre, irregularly shaped lot is zoned residential and is perfect for the discerning builder. Surrounded by 100s of acres of greenery and countless bodies of water, this blank canvas can be the home of your future cottage. Bound by Hwy 400 to the west, District Rd 518 to the north, District Rd 2 to the east, and Hwy 141 to the south. (id:66096)

Property Details

MLS®: X13421374
Property Type: Vacant Land
Business Type: Residential
Zoning: WR8 Waterfront Residential
Lot Size: 22 acres
Frontage: 1,876 ft
Price per Acre: $14,600 per acre
Heating: No heat
Cooling: None
Property Tax: $416/yr
Listed: 148 days ago

Market Timing

Days on market

148d

McMurrich/Monteith (McMurrich) listings, avg age

85d

List price

$325K

Homes here sell slower than most markets

Sold homes in this market spent an average of 78 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 91.5 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (P0A)

This home lists at $325,000, about 4.8× the local median household income of $68,000.

Carrying it typically needs a household income of about $63,484 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $68,000
Population: 17,822
Median age: 56.8
Owner / renter: 87% / 13%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P0A)

$325,000

For sale

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Lot 20 Axe Lake Road, McMurrich/Monteith (McMurrich) - Vacant Land for Sale