Description

Prime 93+ acre agricultural investment property with 3 road frontages, including approximately 3,249 ft. of frontage on Downey Road. Ideally located at the northwest corner of Downey Road and Forestell Road, just off Highway 401 and Highway 6, and directly across from the City of Guelph. The property offers excellent long-term future development potential and is located on the edge of Guelph, making it an attractive land investment opportunity. Very close to all amenities The property features a livable house currently rented for approximately $725/month. Approximately 80+ acres of usable land are currently leased, providing holding income while benefiting from the property's future development potential. (id:66096)

Market Timing

Days on market

77d

Puslinch listings, avg age

95d

List price

$7.00M

Homes here sell slower than most markets

Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.8 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This agriculture in Puslinch has been listed for 77 days, which is 18 days fresher than the city average of 95. Act while there is still low competition.

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Area context

Neighbourhood profile (N1H)

This home lists at $6,999,998, about 90.9× the local median household income of $77,000.

Carrying it typically needs a household income of about $1,367,345 (20% down, 25-yr amortization, stress-tested) — roughly 1676% above the area median.

Median household income: $77,000
Population: 42,178
Median age: 41.2
Owner / renter: 54% / 46%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N1H)

$6,999,998

For sale

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Financing

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4664 Wellington 35 Road, Puslinch - Agriculture for Sale

Description

Property Details

Market Timing

Location

Nearby Places

Neighbourhood profile (N1H)

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