Description

An exceptional and rare opportunity to acquire 4.54 Acres situated on the north east corner of Trafalgar Rd & Lower Base Line, East, Milton. Positioned directly in path of GTA Expansion, just north of 407/ETR & a short distance from new proposed 413 Corridor and Major upcoming Residential Developments. This is where growth is heading towards. This property offers long term constraints with over 1000 feet frontage on Trafalgar Rd. This property is strategically positioned for future employment/light commercial or mixed use potential as urban boundaries expand and priced at a compelling price for land bankers, investors or owner-users looking to secure land ahead of infrastructure appreciation. This property features a 3 Bedroom Bungalow along with an existing outside Building Storage Shed. Seller will consider leasing back portion of land, terms to be negotiated. PLEASE NOTE SELLER WILL CLEAR ANY ACCESS SCRAP AND DEBRIS FROM THE SITE PRIOR TO THE CLOSING DATE. (id:66096)

Market Timing

Days on market

Milton (TR Rural Trafalgar) listings, avg age

100d

List price

$2.75M

Homes here sell faster than most markets

Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This vacant land in Milton (TR Rural Trafalgar) has been listed for 5 days, which is 95 days fresher than the city average of 100. Act while there is still low competition.

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Area context

Neighbourhood profile (L9T)

This home lists at $2,750,000, about 21.8× the local median household income of $126,000.

Carrying it typically needs a household income of about $537,171 (20% down, 25-yr amortization, stress-tested) — roughly 326% above the area median.

Median household income: $126,000
Population: 110,956
Median age: 36.4
Owner / renter: 83% / 17%
Avg. household size: 3.3

Source: Statistics Canada, 2021 Census (FSA L9T)

$2,750,000

For sale

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Financing

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1013 Lower Base Line East, Milton (TR Rural Trafalgar) - Vacant Land for Sale

Description

Property Details

Market Timing

Location

Nearby Places

Neighbourhood profile (L9T)

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