$374,999
Severn
19 Sturgeon Bay Road, Severn (Coldwater), Ontario, L0K3E0
Top 5 Reasons You Will Love This Property: 1) Exceptionally located at the main gateway to the fast growing and vibrant Coldwater community, with prime exposure just off two major highways, positioning this site for strong future development and long-term growth potential 2) Current zoning allows for a broad range of commercial and mixed-use uses, offering flexibility for retail, office, or combined concepts in a high-traffic, business-friendly setting with multiple income-generating possibilities 3) A potential zoning change to residential may be explored, subject to township approvals, creating additional opportunities for both near-term and strategic long-range development and enhanced value creation 4) With site plan nearly approved, the property is ready for swift development of a 9,000 square foot commercial complex, or can be held as a smart land-bank investment in a rapidly expanding area 5) Immediate possession is available, allowing you to proceed with development right away or secure the land now and capitalize on future appreciation as the market continues to evolve making this a compelling investment opportunity. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 57 days on market, against an average age of 47 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 94.5 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This vacant land in Severn (Coldwater) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $374,999, about 4.3× the local median household income of $88,000.
Carrying it typically needs a household income of about $73,250 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA L0K)
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