NEW PRICE - $599,900! Outstanding opportunity to acquire a substantial residential development land assembly in the historic Town of Perth. The offering is anchored by an approximately 2.93-acre primary development parcel, together with several additional parcels of land included in the sale. Significant planning, architectural and engineering work has already been undertaken for multi-residential development of the site, including previous concepts accommodating up to 54 residential units. The existing concepts provide a valuable starting point while allowing a future purchaser to explore a unit mix and development plan suited to today's market, subject to municipal approvals. The primary development lands are zoned R4-24-h, with Site Plan approval and satisfaction of the Holding provisions remaining. Extensive environmental, engineering, traffic, geotechnical, noise, air quality, servicing and other technical studies have been completed, providing a significant head start in the development process. All severances have been completed, with additional lands beyond the primary development parcel included in the sale. Located near established residential neighbourhoods, the Tay River, parks and downtown Perth with its shops, restaurants and amenities. Municipal road access and servicing extensions will form part of the future development process. An excellent opportunity for a builder or developer to acquire a well-studied Eastern Ontario development site with substantial supporting documentation already in place. Full data room, surveys, plans and studies available upon request. (id:66096)
Property Details
MLS®
X13678190
Property Type
Vacant Land
Business Type
Residential
Zoning
R4
Lot Size
490 × 267 ft (3.00 acres)
Frontage
489 ft
Listed
82 days ago
Market Timing
Days on market
82d
Perth listings, avg age
88d
List price
$600K
Long Listed: 82 days on market, against an average age of 88 days across the listings currently for sale in this city
Market timing · days on market0 → 88d avg age of current listings
Long Listed · day 82
Haho
This vacant land in Perth has been listed for 82 days, which is 6 days fresher than the city average of 88. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (K7H)
This home lists at $599,900, about 7.3× the local median household income of $82,000.
Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 43% above the area median.
Median household income
$82,000
Population
16,175
Median age
55.6
Owner / renter
76% / 24%
Avg. household size
2.2
Source: Statistics Canada, 2021 Census (FSA K7H)
$599,900
For sale
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