$1,500,000

For sale

LINE 14 N, Oro-Medonte - Vacant Land for Sale

LINE 14 N, Oro-Medonte, Ontario, L3V6H1

87 acres lotListed 40 days ago

Overview

This lot in Oro-Medonte is for sale. It has been on the market 40 days, fresher than the Oro-Medonte average of 89 days.

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Description

A truly unique 87.28-acre property offering income today and exciting possibilities for the future. The location is excellent, just minutes from Orillia and Bass Lake. It is also located just up the road from Fergus Hill Estates. The property includes approximately 20 acres of pasture, 3.5 acres of natural wetland and 2 two-acre ponds. The property is currently leased to Walker Aggregates and used primarily for aggregate washing and processing, providing rental income to help offset the cost of holding the land. The current lease expires in 2030 and includes an option to renew. Envision what the future could hold here, from creating a beautiful country home or hobby farm to establishing a private rural retreat in the years ahead. Future residential access is intended to be from Line 14 North, while the property is currently accessed from Line 13 North. All future uses and development are subject to applicable municipal and regulatory approvals. VIEWINGS ARE STRICTLY BY APPOINTMENT ONLY. ACCESS TO THE PROPERTY WITHOUT A CONFIRMED APPOINTMENT IS NOT PERMITTED. (id:66096)

Property Details

MLS®: S13828582
Property Type: Vacant Land
Business Type: Construction
Zoning: A/RU, MAR1*40, MAR2
Lot Size: 87 acres
Frontage: 1,107 ft
Price per Acre: $17,185 per acre
Property Tax: $12,424.52/yr
Listed: 40 days ago

Features

Lot Features: Irregular lot size

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

40d

Oro-Medonte listings, avg age

89d

List price

$1.50M

Haho

This vacant land in Oro-Medonte has been listed for 40 days, which is 49 days fresher than the city average of 89. Act while there is still low competition.

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Listed by RE/MAX Summit Group Realty Brokerage · ERIN BOYNTON-SEELEY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3V)

This home lists at $1,500,000, about 19.4× the local median household income of $77,500.

Carrying it typically needs a household income of about $293,003 (20% down, 25-yr amortization, stress-tested) — roughly 278% above the area median.

Median household income: $77,500
Population: 48,651
Median age: 47.6
Owner / renter: 70% / 30%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L3V)

$1,500,000

For sale

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