11573 Beach Road East, Wainfleet (Lakeshore) - Vacant Land for Sale

11573 Beach Road East, Wainfleet (Lakeshore), Ontario, L0S1V0

0 baths40 × 150 ft (6,033 sq ft) lotListed 48 days ago

Overview

This lot in Wainfleet is for sale. It has been on the market 48 days, fresher than the Wainfleet average of 95 days.

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Description

Terrific opportunity to build your year-round or seasonal home/cottage in this waterfront community on the beautiful shores of Lake Erie. This vacant lot has a private well; septic or other sanitation type would have to be installed. This lot has indirect waterfront views from across the street. The seller (Mabo Westside Construction Ltd.) is a registered/Tarion family-owned builder with 61 years of construction experience and is willing to design/build your dream home for you. Price is plus HST, however please note that with the newly introduced enhanced HST rebate program by the government, this is a rare opportunity to take advantage of significant development savings on a newly built home (https://news.ontario.ca/en/release/1007212/ontario-expanding-hst-rebate-to-lower-the-cost-of-new-homes-in-partnership-with-the-federal-government). Note: direct lakefront lot also listed across the street with same municipal address. (id:66096)

Property Details

MLS®: X13798972
Property Type: Vacant Land
Zoning: R1
Bathrooms: 0
Lot Size: 40 × 150 ft (6,033 sq ft)
Frontage: 40 ft
Property Tax: $247/yr
Listed: 48 days ago

Services

Utilities: Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

48d

Wainfleet (Lakeshore) listings, avg age

95d

List price

$289K

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.

Haho

This vacant land in Wainfleet (Lakeshore) has been listed for 48 days, which is 47 days fresher than the city average of 95. Act while there is still low competition.

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Listed by ROYAL LEPAGE NRC REALTY · Cindy Raskob

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0S)

This home lists at $289,000, about 3.0× the local median household income of $95,000.

Carrying it typically needs a household income of about $56,452 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$289,000

For sale

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Financing

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