Overview

This lot in Newbury is for sale. It has been on the market 27 days, fresher than the Newbury average of 41 days.

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Description

To be clear, the rendering pictures in the listing are just one example for the buyer to consider, many other possibilities abound here with this property where both the legal survey and the topographic survey have been completed. Located in the Village of Newbury, on Wellington St west of Hagerty Rd and adjacent to 2 Wellington St, a commercial property which is also for sale. This 1.8 acre property has a frontage of 729 ft (222.2M ) on Wellington St. It is zoned residential. The village is currently updating its Official Plan and Zoning Bylaw to allow for other commercial uses. The adjacent property is already zoned for C1 commercial use. The owner has suggested an allowance for storage and self storage uses on the property, such as the attached plan All services are available on Wellington St. The village has no development levy charges. Village amenities include the Four Counties Middlesex hospital and the Counties largest Home Hardware store. The adjacent 1.0 acre lot fronting on Hagerty Road, is also available and is zoned C-1 Commercial .See MLS number X13884232 for details. Property taxes are for both properties. Plan of survey, proposed site plan and zoning details are available upon request. (id:66096)

Property Details

MLS®: X13884286
Property Type: Vacant Land
Zoning: R1
Lot Size: 746 × 111 ft (1.89 acres)
Frontage: 746 ft
Property Tax: $4,092/yr
Listed: 27 days ago

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

27d

Newbury listings, avg age

41d

List price

$175K

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.

Haho

This vacant land 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.

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Listed by RE/MAX CENTRE CITY REALTY INC · MEL VETERO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0L)

This home lists at $175,000, about 1.8× the local median household income of $100,000.

Carrying it typically needs a household income of about $34,184 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $100,000
Population: 49,817
Median age: 44
Owner / renter: 87% / 13%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N0L)

$175,000

For sale

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Financing

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LOT 51 WELLINGTON Street, Newbury - Vacant Land for Sale