$1,145,000

$1,150,000For salePrice drop↓ $5,000 (0%)

7938 Bank Street, Ottawa - Agriculture for Sale

7938 Bank Street, Ottawa, Ontario, K0A2P0

0 beds0 baths0 parking350 ft²655 × 3241 ft (48.75 acres) lotListed 40 days ago

Overview

This farm in Ottawa is for sale offering roughly 350 sq ft of space. It has been on the market 40 days, fresher than the Ottawa average of 62 days.

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Description

82 acre parcel of productive Ottawa farmland with 655' frontage on Bank Street. Its AG1 zoning allows for a single family dwelling and farm buildings, including a barn, workshop, storage sheds, greenhouses, or a kennel. The property is situated 5 minutes SW of Metcalfe, 20 min South of the Ottawa Airport and 30 minutes South of Downtown Ottawa. The land consists of productive Matilda Loam which is excellent soil for growing a variety of crops, including: corn, soybeans, wheat, alfalfa hay, pasture, fruit trees. Approximately half the acreage was systematically tile drained in 2015 at 50' spacing. Whether you are looking to expand your agricultural portfolio, invest in land, or create a sprawling family legacy property, this parcel provides the location and space to make your vision a reality. (id:66096)

Property Details

MLS®: X13827162
Property Type: Agriculture
Zoning: AG1
Bedrooms: 0
Beds (above / below): 0 above · 0 below
Bathrooms: 0
Parking: 0
Interior Size: 350 ft²
Lot Size: 655 × 3241 ft (48.75 acres)
Frontage: 655 ft
Basement: None
Heating: Other
Garage: No Garage
Property Tax: $2,572.88/yr
Listed: 40 days ago

Market Timing

Days on market

40d

Ottawa listings, avg age

62d

Price / ft²

$3,276

List price

$1.15M

Haho

This agriculture in Ottawa has been listed for 40 days, which is 22 days fresher than the city average of 62. Act while there is still low competition.

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Listed by RE/MAX CENTRE CITY REALTY INC. · ARJAN LEEUWERKE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0A)

This home lists at $1,145,000, about 10.0× the local median household income of $115,000.

Carrying it typically needs a household income of about $223,659 (20% down, 25-yr amortization, stress-tested) — roughly 94% above the area median.

Median household income: $115,000
Population: 111,626
Median age: 44
Owner / renter: 87% / 13%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA K0A)

$1,145,000· $3,276/ft²

For sale

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Financing

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