$4,900,000

For sale

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3680 Highway 7 Highway, Pickering - Vacant Land for Sale

3680 Highway 7 Highway, Pickering, Ontario, L0H1H0

9.84 acres lotListed 44 days ago

Overview

This lot in Pickering is for sale. It has been on the market 44 days, fresher than the Pickering average of 51 days.

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Description

RARE 9.84 ACRE LAND OPPORTUNITY ON HIGHWAY 7 IN PICKERING! An exceptional opportunity to secure a substantial parcel in one of Pickering's significant future-growth areas. Offering approximately 427,875 sq. ft. (9.823 acres) with prominent Highway 7 exposure and approximately 400 ft. of frontage as shown on available mapping.Strategically positioned along the Northeast Pickering growth corridor, with convenient access to Hwy 407, Westney Rd, Hwy 7 and the broader Durham Region transportation network.The City of Pickering has adopted the Northeast Pickering Secondary Plan (OPA 54), establishing a long-term framework for a new urban community incorporating residential neighbourhoods, employment opportunities, parks, schools, transportation infrastructure and other community uses. The Secondary Plan is currently subject to Ontario Land Tribunal appeals.An outstanding land-banking, investment and future-development opportunity for developers, builders and strategic investors looking to establish a position within Pickering's future growth landscape.Currently vacant land with a portion being farmed. (id:66096)

Property Details

MLS®: E13810978
Property Type: Vacant Land
Zoning: Agriculture
Lot Size: 9.84 acres
Frontage: 400 ft
Price per Acre: $497,968 per acre
Property Tax: $379.17/yr
Listed: 44 days ago

Market Timing

Days on market

44d

Pickering listings, avg age

51d

List price

$4.90M

Homes here sell faster than most markets

Sold homes in this market spent an average of 30 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 98.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This vacant land in Pickering has been listed for 44 days, which is 7 days fresher than the city average of 51. Act while there is still low competition.

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Listed by RE/MAX ULTIMATE REALTY INC. · TANIA MENICUCCI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0H)

This home lists at $4,900,000, about 41.5× the local median household income of $118,000.

Carrying it typically needs a household income of about $957,142 (20% down, 25-yr amortization, stress-tested) — roughly 711% above the area median.

Median household income: $118,000
Population: 1,223
Median age: 49.2
Owner / renter: 75% / 25%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA L0H)

$4,900,000

For sale

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Financing

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