-- South Beech Street, South Glengarry - Vacant Land for Sale

-- South Beech Street, South Glengarry, Ontario, K0C1N0

2.88 acres lotListed 85 days ago

Overview

This lot in South Glengarry is for sale.

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Description

Situated immediately off Highway 401 on Highway 34, this highly visible approx. 2.88-acre lot sits in the heart of Lancaster's commercial area. This prime site has been rezoned to General Commercial to allow for retail, drive-thrus, medical clinics, multi-tenant plazas, offices or mixed-use projects. Complete with municipal water and sewer available, seamless access to Hwy 401, the site is exceptionally well-suited to capture interprovincial commuter, local, and regional traffic between Montreal and Cornwall. This property presents a rare opportunity for investors or developers to establish a high-exposure business or pursue a high-yield development in a thriving, well-connected community. (id:66096)

Property Details

MLS®: X13665350
Property Type: Vacant Land
Zoning: Commercial General
Lot Size: 2.88 acres
Frontage: 299 ft
Price per Acre: $485,763 per acre
Property Tax: $15,890/yr
Listed: 85 days ago

Features

Lot Features: Irregular lot size

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

85d

South Glengarry listings, avg age

82d

List price

$1.40M

Homes here sell slower than most markets

Sold homes in this market spent an average of 64 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 vacant land in South Glengarry is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by EXSELLENCE TEAM REALTY INC. · VICKI VANDERVEEN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0C)

This home lists at $1,399,000, about 16.7× the local median household income of $84,000.

Carrying it typically needs a household income of about $273,274 (20% down, 25-yr amortization, stress-tested) — roughly 225% above the area median.

Median household income: $84,000
Population: 52,838
Median age: 48.4
Owner / renter: 82% / 18%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA K0C)

$1,399,000

For sale

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Financing

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