This lot in Norwich is for sale.

Description

Exceptional Development Opportunity ! Don't miss your chance to own a prime parcel of land in the growing **Town of Norwich**. Ideally located near established residential neighborhoods, **Home Hardware**, and other local amenities, this property offers outstanding potential for future development and multiple permitted uses, subject to municipal approvals. Situated on the **future planned Water Street**, this is an excellent investment opportunity for builders, developers, and investors looking to secure land in a rapidly growing area. A rare opportunity to invest in the future growth of Norwich-don't let it pass you by! (id:66096)

Property Details

MLS®: X13603190
Property Type: Vacant Land
Bathrooms: 0
Lot Size: 160 × 493 ft (1.81 acres)
Frontage: 160 ft
Property Tax: $399/yr
Listed: 103 days ago

Features

Lot Features: Irregular lot size

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

103d

Norwich (Norwich Town) listings, avg age

77d

List price

$130K

Homes here sell slower than most markets

Sold homes in this market spent an average of 60 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This vacant land in Norwich (Norwich Town) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by RE/MAX METROPOLIS REALTY · ASIF GANGAT

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0J)

This home lists at $129,900, about 1.3× the local median household income of $97,000.

Carrying it typically needs a household income of about $25,374 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $97,000
Population: 33,457
Median age: 38.4
Owner / renter: 85% / 15%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA N0J)

$129,900

For sale

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Financing

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N/A WATER Street, Norwich (Norwich Town) - Vacant Land for Sale