Description

Rare opportunity to acquire approximately 4.73 acres of vacant residential land in the Municipality of Meaford, in the Owen Sound area. This expansive and naturally treed parcel offers an opportunity for investors, land bankers and buyers seeking a substantial land holding in Grey County. Approximately 205,946 sq. ft. with an irregular lot configuration. >>>>>>>>>>>>>>>>>>>Located in the Concession Road 10 area with convenient access to Owen Sound and surrounding communities. An excellent opportunity to acquire and hold a sizeable parcel for potential future use. >>>>>>>>>>>>Property is being sold in its current condition. Buyer and buyer's representative to conduct their own due diligence regarding permitted uses, zoning, access, development potential, building requirements, conservation/NEC requirements, servicing, taxes and all other matters relating to the property. >>>>>>>>>>>>>>No representations or warranties are made regarding future development or buildability. >>>>>>>>>One of the Sellers is a registered real estate professional in Ontario and has an ownership interest in the property. (id:66096)

Market Timing

Days on market

84d

Meaford listings, avg age

96d

List price

$470K

Homes here sell slower than most markets

Sold homes in this market spent an average of 65 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 94.2 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 Meaford has been listed for 84 days, which is 12 days fresher than the city average of 96. Act while there is still low competition.

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Area context

Neighbourhood profile (N4K)

This home lists at $469,900, about 6.8× the local median household income of $69,500.

Carrying it typically needs a household income of about $91,788 (20% down, 25-yr amortization, stress-tested) — roughly 32% above the area median.

Median household income: $69,500
Population: 28,975
Median age: 49.2
Owner / renter: 66% / 34%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N4K)

$469,900

For sale

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Financing

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1 CONCESSION RD 10 Road, Meaford - Vacant Land for Sale

Description

Property Details

Market Timing

Location

Nearby Places

Neighbourhood profile (N4K)

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