$1,595,000
Owen Sound
2250 28th Avenue East, Owen Sound, Ontario, N0H1B0
This farm in Owen Sound is for sale offering roughly 1,300 sq ft of space. It has been on the market 72 days, fresher than the Owen Sound average of 91 days.
31.75-Acre Property currently used as residential home, horse barn and track within the city limits with an opportunity for Employment & Industrial Development . A rare 31.75-acre development opportunity within the City of Owen Sound, ideally positioned next to established industrial and retail areas. Currently operated as a residential property and horse farm, the lands are zoned M3 (Employment Area) Industrial, offering significant potential for future industrial or employment-oriented development.With its substantial land base, strategic location, and proximity to existing commercial and industrial uses, the property lends itself naturally to industrial development, expansion, or other employment-generating uses, subject to municipal approvals and development requirements.The property is being offered with its value primarily attributed to its highest and best use as an industrial development site. While the existing residence and farm-related buildings provide current utility, prospective purchasers should view these improvements as secondary to the underlying development potential of the land. The existing house and agricultural structures may have limited contributory value in the context of an industrial redevelopment scenario. For developers, investors, and businesses seeking a sizeable employment/industrial land holding within Owen Sound, this property represents an exceptional opportunity to acquire 31.75 acres in an established and strategically located employment area, with the potential to unlock substantial value through future redevelopment. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 72 days on market, against an average age of 91 days across the listings currently for sale in this city
This 3-bed agriculture in Owen Sound has been listed for 72 days, which is 19 days fresher than the city average of 91. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,595,000, about 18.5× the local median household income of $86,000.
Carrying it typically needs a household income of about $311,559 (20% down, 25-yr amortization, stress-tested) — roughly 262% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0H)
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