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$475,000
Wheatley
20874 Cemetery Road, Wheatley, Ontario, N0P2P0
This 4-bedroom, 3-bathroom home in Wheatley is for sale. Listed at $475,000, it is attractively priced about 32% below the $699,900 median asking price in Wheatley. It has been on the market 21 days, fresher than the Wheatley average of 116 days.
Build your custom waterfront home while Ontario's expanded HST rebate program remains in effect (through March 2027), offering potential tax savings up to ~$130,000 for eligible buyers. Opportunities combining this level of frontage, shoreline protection, and parcel size are seldom available - approximately 140 ft of Lake Erie frontage with steel wall, stone, and jetty protection, private sandy beach access, and TWO parcels included - providing exceptional value at the price of one. The existing structure sustained fire damage and will require demolition. Seller has provided engineer drawings for a proposed new build and a demolition quote, available for review in the listing documents. Buyer may have the option to utilize the existing foundation for the rebuild, subject to required approvals. An existing pool house remains on site and may be renovated, adding further potential. All demolition, construction, and related expenses to be assumed by the buyer. Buyer to verify zoning, permits, conservation authority requirements, and all development details with the appropriate municipal authorities. A RARE OPPORTUNITY to secure a large, protected waterfront lot with significant long term value. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Active: 21 days on market, against an average age of 116 days across the listings currently for sale in this city
This 4-bed single family in Wheatley has been listed for 21 days, which is 95 days fresher than the city average of 116. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $475,000, about 5.9× the local median household income of $80,000.
Carrying it typically needs a household income of about $92,784 (20% down, 25-yr amortization, stress-tested) — roughly 16% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0P)
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Loading rates, 30-yr amortization
Cash Needed to Close
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