Description

Bring your building plans to life on this spacious parcel in the desirable McManus Subdivision, conveniently located between Red Lake and Balmertown. Offering more space and privacy than a typical in-town lot, this property provides an excellent setting for your future home.A driveway has already been established, and just over half an acre has been cleared in preparation for construction, giving you a valuable head start. Hydro and natural gas are available at the road. Enjoy the room to build, breathe and create a property that suits your lifestyle in a well-established neighbourhood. (id:66096)

Market Timing

Days on market

55d

Red Lake listings, avg age

142d

List price

$120K

Homes here sell below asking price

Homes in this market sold for an average of 94.7 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This vacant land in Red Lake has been listed for 55 days, which is 87 days fresher than the city average of 142. Act while there is still low competition.

Set a price alert Book a showing

Area context

Neighbourhood profile (P0V)

This home lists at $120,000, about 1.7× the local median household income of $71,500.

Carrying it typically needs a household income of about $23,440 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $71,500
Population: 22,944
Median age: 30.8
Owner / renter: 77% / 23%
Avg. household size: 3.1

Source: Statistics Canada, 2021 Census (FSA P0V)

$120,000

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Financing

Need a commercial mortgage?

Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.

Inquire about financing →

Planning to build?

Before you offer on a development site, know what you can build. PreBuildIQ delivers zoning verdicts and required study scopes for any Ontario address in 60 seconds.

Check your site with PreBuildIQ →

53 Mcmanus Street, Red Lake - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (P0V)

Book a showing

Need a commercial mortgage?