$275,000
Newbury
2 Wellington Street, Newbury, Ontario, N0L1Z0
This retail property in Newbury is for sale. It has been on the market 27 days, fresher than the Newbury average of 41 days.
To be clear, the renderings and pics included are just one option for the many that are available to the buyer with a vision for this property. Both legal survey and topographic surveys have been completed. Many options are available in a multitude of different directions. It is located in the Village of Newbury at the corner of Hagerty Road and Wellington Street, approximately one acre of development land zoned Commercial-C1. Seller has a proposed retail development of two buildings of 6,261 square feet. All municipal services are available on Wellington St and Hagerty Rd. Property is exempt from development charges. Amenities include Four Counties Middlesex Hospital and the area's largest Home Hardware. The westerly portion of the lot, municipally known as PT LOT 51,Wellington Street, approximately 1.8 acres has been severed and is zoned R1-Residential. See MLS number X13884286 for details. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 27 days on market, against an average age of 41 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 91.3 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in Newbury has been listed for 27 days, which is 14 days fresher than the city average of 41. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $275,000, about 2.8× the local median household income of $100,000.
Carrying it typically needs a household income of about $53,717 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA N0L)
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