Description

Attention Developers and Investors Welcome to 109-113 Inkerman St. St Thomas, this 5.45 acre parcel of land is designated for Residential use in the St. Thomas Official Plan zoned asHR7-5. The designation permits the full range of densities, subject to meeting the policies of the Plan. I have also attached a copy of the Residential policy section from the Official Plan for your information. The specific policies for the various densities are found in subsections 5.1.3.2 (low density), 5.1.3.3 (medium density) and 5.1.3.4 (high density). (id:66096)

Market Timing

Days on market

St. Thomas listings, avg age

71d

List price

$2.55M

Homes here sell close to asking price

Homes in this market sold for an average of 97.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This vacant land in St. Thomas has been listed for 2 days, which is 69 days fresher than the city average of 71. Act while there is still low competition.

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Area context

Neighbourhood profile (N5P)

This home lists at $2,549,900, about 32.9× the local median household income of $77,500.

Carrying it typically needs a household income of about $498,085 (20% down, 25-yr amortization, stress-tested) — roughly 543% above the area median.

Median household income: $77,500
Population: 21,081
Median age: 42.8
Owner / renter: 68% / 32%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N5P)

$2,549,900

For sale

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Financing

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109-113 Inkerman Street, St. Thomas - Vacant Land for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N5P)

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