$749,000

For sale

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516375 Dufferin County 124 Road, Melancthon - Vacant Land for Sale

516375 Dufferin County 124 Road, Melancthon, Ontario, L0N1S6

0 baths1003 × 2171 ft (49.96 acres) lotListed 110 days ago

Overview

This lot in Melancthon is for sale.

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Description

Beautiful 48-Acre Property Adjacent to Shelburne Golf & Country Club. Ideally situated on paved Highway 124, the property is just 3 minutes from Highway 89 and Foodland Shelburne, with all the conveniences of town only a short drive away. Featuring open clearings, and breathtaking countryside views, this property offers an outstanding opportunity with potential to build your dream home next to the golf course. Buyer to conduct their own Due Diligence regarding building opportunities and any future development. A picturesque creek meanders through the property, attracting a variety of birds and wildlife while creating a peaceful natural setting. The open areas provide excellent potential building locations, making this an ideal property for those seeking country living with convenient access to town amenities. Shelburne continues to experience significant residential and commercial growth, further enhancing the long-term appeal of this location. The property is subject to NVCA regulations. There is currently no driveway or established trails, other than natural wildlife paths. (id:66096)

Property Details

MLS®: X13578378
Property Type: Vacant Land
Bathrooms: 0
Lot Size: 1003 × 2171 ft (49.96 acres)
Frontage: 1,003 ft
Property Tax: $1,703.47/yr
Listed: 110 days ago

Services

Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

110d

Melancthon listings, avg age

92d

List price

$749K

Homes here sell slower than most markets

Sold homes in this market spent an average of 80 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 90.2 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

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Listed by RE/MAX REALTY SERVICES INC. · HARPREET RAKHRA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0N)

This home lists at $749,000, about 6.3× the local median household income of $118,000.

Carrying it typically needs a household income of about $146,306 (20% down, 25-yr amortization, stress-tested) — roughly 24% above the area median.

Median household income: $118,000
Population: 2,395
Median age: 48.8
Owner / renter: 92% / 8%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA L0N)

$749,000

For sale

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Financing

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