Overview

This lot in Rideau Lakes is for sale. It has been on the market 125 days, fresher than the Rideau Lakes average of 129 days.

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Description

A solid 3-acre building lot on Mountain Road, north of Westport, positioned between Westport and Perth in the heart of lake country. Set high and dry on a paved road, the property already has a culvert entrance and gravel access in place, giving buyers a head start on future development.The land offers a good mix of mature oak trees, additional mixed bush, open areas, and elevated rocky ground with enough workable soil for lawns, gardens, and landscaping. The setting is quiet and rural, surrounded by farms and forest, while still being only minutes from Westport and an easy drive north toward Perth.With three acres to work with, there is room for a home, shop, parking for boats, campers, trailers, and equipment, plus yard space for gardens, chickens, or other rural uses, subject to township approvals. A practical country lot in a strong recreational area, well suited for someone looking to build in cottage country without being right in the middle of the summer traffic. (id:66096)

Market Timing

Days on market

125d

Rideau Lakes listings, avg age

129d

List price

$99K

Homes here sell below asking price

Homes in this market sold for an average of 94.3 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 Rideau Lakes has been listed for 125 days, which is 4 days fresher than the city average of 129. Act while there is still low competition.

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Area context

Neighbourhood profile (K0G)

This home lists at $99,000, about 1.1× the local median household income of $94,000.

Carrying it typically needs a household income of about $19,338 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $94,000
Population: 39,862
Median age: 50.4
Owner / renter: 88% / 12%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA K0G)

$99,000

For sale

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Financing

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Lot 22 Mountain Road, Rideau Lakes - Vacant Land for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (K0G)

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