Approximately 53 acres forming the EAST half of the 105-acre Creekford Road Development Lands, offered together with the adjoining West parcel at 3243 Creekford Road (see companion listing).The lands are identified within the proposed Urban Boundary Expansion in the City of Kingston's Second Draft Official Plan, which plans for growth to 2051. The property sits on the south side of the emerging Creekford Corridor, close to Cataraqui Business Park, the Cataraqui Centre retail node, Highway 401 and the proposed Kingston Health & Life Sciences Innovation District. Kingston has steady housing demand from Queen's University, St. Lawrence College, CFB Kingston and the healthcare sector, and its supply of future serviced land is limited, which makes this a compelling long-term development or land-banking position. Listing excludes the owner's residence. Sale is subject to severance, and the area of the home to be severed is to be defined as a condition of sale. (id:28469)
Facts & features
Property
MLS® Number
X14129310
Property Type
Vacant Land
Community Name
42 - City Northwest
Land
Acreage
Yes
Sewer
Sanitary Sewer
Size Depth
2640 Ft
Size Frontage
350 Ft
Size Irregular
350 X 2640 Ft
Size Total Text
350 X 2640 Ft|50 - 100 Acres
Utilities
Cable
Available
Electricity
Installed
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
$18,229/mo
Ontario land transfer tax
$89,400 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.