Great development opportunity right in town and on highway 511. 250 foot well onsite offering 160 gallons/ min flow. 2 pins sold together surround a school with residential zoning. Consider a small footprint Newterra waste system to increase the density potential. Other similar installations in the area. Latest govt programs may optimize a multi family community. (id:28469)
Facts & features
Property
MLS® Number
X12431282
Property Type
Vacant Land
Community Name
919 - Lanark Highlands (Lanark Village)
Farm Type
Other
Building
Size Interior
27 Acres
Land
Acreage
Yes
Size Depth
1035 Ft
Size Frontage
1079 Ft
Size Irregular
27
Size Total
27 Ac
Size Total Text
27 Ac
Zoning Description
R1
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Cost of ownership
Est. monthly payment
$6,420/mo
Ontario land transfer tax
$25,475 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.