Lot 20 South Grimsby Road 5, West Lincoln (Smithville) - Vacant Land for Sale
Lot 20 South Grimsby Road 5, West Lincoln (Smithville), Ontario, L0R2A0
19,800 ft²150 × 132 ft (19,800 sq ft) lotListed 40 days ago
Overview
This lot in West Lincoln is for sale offering roughly 19,800 sq ft of space. It has been on the market 40 days, fresher than the West Lincoln average of 64 days.
This is an incredible investment opportunity in the prime location of Niagara West Lincoln. This spacious residential corner lot, with a 150 ft frontage, and 132 feet Depth is surrounded by new subdivisions and established homes, with extensive development taking place in the area. The land is subject to rezoning R1 to Medium and High-Density RM3, which provides flexibility for various residential developments(multiple fourplexes/triplexes, 4-6-story apartment buildings, condominiums, detached/semi-detached/townhouses, rental units, and retirement residences). This is an excellent opportunity for individual buyers looking to build their dream home on a generously sized lot with 150 ft of frontage. It is an amazing demanded area, less than 30 minutes to Niagara Falls and the U.S. border, close to major cities like St. Catharine, Hamilton, Burlington, Oakville, Guelph, and Mississauga. All essential services are conveniently located along South Grimsby Rd 5, with easy access to amenities, shopping, schools, transit, and recreation centers. Don't miss this unique opportunity to build in a thriving community! **EXTRAS** The land qualifies for a zoning change to High Density (RM3), ideal for various developments. Buyers must conduct due diligence, secure permits, and verify all info independently. Deposit cheque to be certified. (id:66096)
Property Details
MLS®
X13830292
Property Type
Vacant Land
Business Type
Residential
Zoning
Residential
Interior Size
19,800 ft²
Lot Size
150 × 132 ft (19,800 sq ft)
Frontage
150 ft
Property Tax
$46/yr
Listed
40 days ago
Services
Water
Municipal water
Sewer
Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
40d
West Lincoln (Smithville) listings, avg age
64d
Price / ft²
$49
List price
$980K
Extended: 40 days on market, against an average age of 64 days across the listings currently for sale in this city
Market timing · days on market0 → 64d avg age of current listings
Extended · day 40
Haho
This vacant land in West Lincoln (Smithville) has been listed for 40 days, which is 24 days fresher than the city average of 64. Act while there is still low competition.
Listed by HOMELIFE/VISION REALTY INC. · HOMAYUN AFZALZADA
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (L0R)
This home lists at $980,000, about 8.9× the local median household income of $110,000.
Carrying it typically needs a household income of about $191,428 (20% down, 25-yr amortization, stress-tested) — roughly 74% above the area median.
Median household income
$110,000
Population
83,602
Median age
40.8
Owner / renter
88% / 12%
Avg. household size
2.8
Source: Statistics Canada, 2021 Census (FSA L0R)
$980,000· $49/ft²
For sale
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Financing
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