Description

Beautiful corner farm available in New Tecumseth, offering 100% workable land in a highly sought-after area of investor and developer owned land. One parcel away from Tribute development and overlooking Colgan and Tottenham, this property presents an excellent opportunity for investors, builders, developers or relocating farmers. With great road frontage and development potential, this well-positioned parcel is a rare offering in a rapidly growing area. (id:66096)

Property Details

MLS®: N13733022
Property Type: Agriculture
Business Type: Agriculture, Forestry, Fishing and Hunting
Zoning: Agricultural
Lot Size: 93 acres
Frontage: 2,122 ft
Price per Acre: $52,941 per acre
Cooling: None
Property Tax: $5,129.06/yr
Listed: 64 days ago

Market Timing

Days on market

64d

New Tecumseth listings, avg age

63d

List price

$4.95M

Haho

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Area context

Neighbourhood profile (L0G)

This home lists at $4,950,000, about 41.9× the local median household income of $118,000.

Carrying it typically needs a household income of about $966,908 (20% down, 25-yr amortization, stress-tested) — roughly 719% above the area median.

Median household income: $118,000
Population: 44,945
Median age: 41.6
Owner / renter: 88% / 12%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA L0G)

$4,950,000

For sale

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Financing

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2577 Adjala-Tecumseth Townline, New Tecumseth - Agriculture for Sale

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (L0G)

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