V/L Otter Line, Wallaceburg, Ontario, N8A4L2




$3,400,000
Wallaceburg
This lot in Wallaceburg is for sale.
Attention developers and investors — here is a rare opportunity to acquire 130.62 acres of land located within the urban boundary of the town of Wallaceburg. Currently being utilized as productive cash crop acreage, this exceptional parcel is being offered at approximately $26,000 per acre. With its strategic location and substantial size, the property presents outstanding future potential for development, investment, or long-term land banking opportunities. Present zoning on the property is a combination of Residential Low Density, Residential Medium Density, Open Space, Deferred Development, and Hazard Land, providing a wide range of future planning and development possibilities subject to municipal approvals. The property is located on the south side of Otter Line and also fronts on the east side of Water St and Main St. The property has considerable frontage on the south side of Otter Line to the east of Water St. The parcel is irregular in shape and is bisected by Otter Creek. (id:66096)
Long Listed: 149 days on market, against an average age of 92 days across the listings currently for sale in this city
This vacant land in Wallaceburg is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $3,400,000, about 52.7× the local median household income of $64,500.
Carrying it typically needs a household income of about $664,139 (20% down, 25-yr amortization, stress-tested) — roughly 930% above the area median.
Source: Statistics Canada, 2021 Census (FSA N8A)
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