This lot in St. Thomas is for sale.

Description

Prime development opportunity in St. Thomas with R3 zoning, allowing for a range of multi-unit residential uses. This vacant parcel offers excellent potential for builders and investors looking to develop in a growing community with increasing rental demand. Ideal for multi-unit dwelling with additional residential units, or other permitted residential uses. A rare chance to secure land with flexible zoning in a high-growth market. (id:66096)

Property Details

MLS®: X13030968
Property Type: Vacant Land
Zoning: R3
Bathrooms: 0
Lot Size: 53 × 120 ft (6,394 sq ft)
Frontage: 53 ft
Listed: 196 days ago

Services

Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

196d

St. Thomas listings, avg age

70d

List price

$250K

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

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Listed by ELGIN REALTY LIMITED · ANGELA DEVRIES

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5R)

This home lists at $249,900, about 3.1× the local median household income of $80,000.

Carrying it typically needs a household income of about $48,814 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $80,000
Population: 30,680
Median age: 44.8
Owner / renter: 74% / 26%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N5R)

$249,900

For sale

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Financing

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36 Third Avenue, St. Thomas - Vacant Land for Sale