Description

Luxury Estate Subdivision 11-acre development opportunity in the growing Hamlet of Wainfleet. Draft plan proposes 9 estate-sized estate style residential lots, each approximately one acre, offering a rare opportunity to create an exclusive luxury estate community. Ideally situated on Side Road 20 between Feeder Road West and Abbey Road, the property is surrounded by quality homes, open countryside, and provides convenient access to Port Colborne, Welland, Niagara Falls, and the QEW.The proposed subdivision offers an attractive low-density estate lot concept in one of Niagara's most desirable rural settings. Buyers are encouraged to complete their own due diligence regarding approvals, servicing, development costs, and municipal requirements.A rare opportunity to secure a significant land holding with outstanding long-term development potential in an area experiencing continued residential growth.Property Highlights11-acre development site Draft plan for 9 estate-style residential lots Approx. 1-acre lots Prestigious rural residential setting. Excellent frontage on Side Road 20Minutes to Port Colborne, Welland & Highway 140Surrounded by executive homes and farmland Rare infill development opportunity Buyer to complete their own due diligence regarding approvals (id:66096)

Market Timing

Days on market

106d

Wainfleet (Marshville/Winger) listings, avg age

91d

Price / ft²

$172,727

List price

$1.90M

Homes here sell slower than most markets

Sold homes in this market spent an average of 62 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 93.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (L0S)

This home lists at $1,900,000, about 20.0× the local median household income of $95,000.

Carrying it typically needs a household income of about $371,137 (20% down, 25-yr amortization, stress-tested) — roughly 291% above the area median.

Median household income: $95,000
Population: 60,409
Median age: 53.2
Owner / renter: 87% / 13%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L0S)

$1,900,000· $172,727/ft²

For sale

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0 Side Road 20, Wainfleet (Marshville/Winger) - Vacant Land for Sale

Description

Property Details

Market Timing

Location

Nearby Places

Neighbourhood profile (L0S)

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