Description

Own 65 acres of farmland in the growing community of Rodney, Ontario. This parcel features +/- 50 workable acres of sandy loam soil, randomly tiled and well suited for a variety of crops. The property also includes a mix of bush and a small pond, adding natural character and diversity to the landscape. Located just 50 minutes from London, 40 minutes from Chatham, and only 10 minutes from Lake Erie and Port Glasgow, this property offers both agricultural productivity and peaceful rural surroundings. NOTE: This parcel could be purchased with an additional 70 acres to the north. (id:66096)

Property Details

MLS®: X13860638
Property Type: Agriculture
Business Type: Agriculture, Forestry, Fishing and Hunting
Zoning: A1
Lot Size: 65 acres
Frontage: 532 ft
Price per Acre: $17,812 per acre
Property Tax: $5,699.03/yr
Listed: 30 days ago

Market Timing

Days on market

30d

West Elgin listings, avg age

144d

List price

$1.16M

Haho

This agriculture in West Elgin has been listed for 30 days, which is 114 days fresher than the city average of 144. Act while there is still low competition.

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Area context

Neighbourhood profile (N0L)

This home lists at $1,160,000, about 11.6× the local median household income of $100,000.

Carrying it typically needs a household income of about $226,589 (20% down, 25-yr amortization, stress-tested) — roughly 127% above the area median.

Median household income: $100,000
Population: 49,817
Median age: 44
Owner / renter: 87% / 13%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N0L)

$1,160,000

For sale

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PT LT 8 Pioneer Line, West Elgin - Agriculture for Sale