Description

18.79 acres and a wonderful opportunity to build your own private estate home. 3rd tier to the Lake and just 2 min. walking to the public park with beach. Few minutes to Meaford and all the amenities. Trees cleared and driveway base laid for a circular driveway. Also there could be long term residential development potential. Rare to find this size of an acreage in this type of location. Surrounded on almost three sides with residential lots/homes. Zoned Agricultural with a very small portion on South-East side as EP. Attached are zoning map and potential subdivision plan for 18 lots approx. one acre each. Buyer/Developer can opt for a lot more density, just see the next door subdivision. Bring your ideas and make it yours! (id:66096)

Market Timing

Days on market

53d

Meaford listings, avg age

97d

List price

$2.99M

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 53 days, which is 44 days fresher than the city average of 97. Act while there is still low competition.

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Area context

Neighbourhood profile (N4L)

This home lists at $2,988,000, about 40.1× the local median household income of $74,500.

Carrying it typically needs a household income of about $583,661 (20% down, 25-yr amortization, stress-tested) — roughly 683% above the area median.

Median household income: $74,500
Population: 8,337
Median age: 54.4
Owner / renter: 78% / 22%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N4L)

$2,988,000

For sale

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Financing

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Meaford, Meaford - Vacant Land for Sale

Description

Property Details

Market Timing

Location

Nearby Places

Neighbourhood profile (N4L)

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