Description

1.71-acre vacant lot zoned R1 (Residential), complete with a drilled well and driveway entrance. Located just outside the Hamlet of Riverview and surrounded by open farmland, this property offers a peaceful rural setting. There is no conservation land on the lot (buyer to verify); however, the property is regulated by the Grand River Conservation Authority (GRCA). Buyers are responsible for completing their own due diligence regarding permitted uses, zoning, and building approvals through the municipality, the GRCA, and any other applicable authorities. Conveniently located just 15 minutes from Shelburne and 35 minutes from Orangeville. (id:66096)

Market Timing

Days on market

14d

Melancthon listings, avg age

94d

Price / ft²

$455

List price

$159K

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

This vacant land in Melancthon has been listed for 14 days, which is 80 days fresher than the city average of 94. Act while there is still low competition.

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Area context

Neighbourhood profile (L9V)

This home lists at $159,000, about 1.5× the local median household income of $105,000.

Carrying it typically needs a household income of about $31,058 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $105,000
Population: 17,750
Median age: 40
Owner / renter: 86% / 14%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA L9V)

$159,000· $455/ft²

For sale

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Financing

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681044 260 Sideroad, Melancthon - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L9V)

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