Overview

This farm in Zorra is for sale offering roughly 350 sq ft of space. It has been on the market 47 days, fresher than the Zorra average of 76 days.

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Description

Opportunity to own approximately 1.19 acres at 603808 Cemetery Lane, offered at $175,000. Zoned RE, the property features an existing solar panel with approximately 6 years remaining on its current contract, generating $1,150 per year in rental income.Two separately titled adjoining parcels are also available for purchase, including a 0.25-acre parcel offered at $75,000 and 4.95 acres at 623808 Road 62 offered at $495,000. Each parcel has its own solar panel and separate solar contract.Purchase individually or explore the opportunity to acquire all three adjoining parcels, totalling approximately 6.39 acres, for a combined asking price of $745,000. Buyers to complete their own due diligence regarding permitted uses and future development. (id:66096)

Property Details

MLS®: X13801428
Property Type: Agriculture
Zoning: RE
Bedrooms: 0
Beds (above / below): 0 above · 0 below
Bathrooms: 0
Parking: 0
Interior Size: 350 ft²
Lot Size: 242 × 213 ft (1.18 acres)
Frontage: 241 ft
Basement: None
Heating: Other
Garage: No Garage
Property Tax: $284.54/yr
Listed: 47 days ago

Market Timing

Days on market

47d

Zorra listings, avg age

76d

Price / ft²

$501

List price

$175K

Homes here sell close to asking price

Homes in this market sold for an average of 98.4 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This agriculture in Zorra has been listed for 47 days, which is 29 days fresher than the city average of 76. Act while there is still low competition.

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Area context

Neighbourhood profile (N5C)

This home lists at $175,000, about 2.0× the local median household income of $89,000.

Carrying it typically needs a household income of about $34,184 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $89,000
Population: 15,721
Median age: 41.2
Owner / renter: 78% / 22%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N5C)

$175,000· $501/ft²

For sale

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PT LT 13 Con 4 North Oxford Parcel 2, Zorra - Agriculture for Sale