$5,500,000
For sale: Vacant Land

Development land of 14.5 acres in popular Carleton Place, 20 minute drive from Ottawa on 4-lane highway. Located near busy corner of Hwy 7 and McNeely Ave in area of new growth subdivisions, commercial businesses and extensive Official Plan expansion. Land cleared and has quick, easy drive to Ottawa. Significant opportunity for diverse development projects and for developers looking to tap into a thriving market in one of the fastest consistently growing towns in Canada. Currently zoned Commercial and approved for mixed-use. New residential development surrounding the property. The acreage, location, zoning, existing expansions of infrastructure and market demand create ideal opportunity for developers and investors looking to capitalize on Carleton Place's rapid growth. Land is near busy intersection with three road frontages, McNeely Ave and Captain A Roy Brown Blvd. Surveys and covenants for land are available. HST is applicable.
Sold data
Homes in Carleton Place took a median of 37 days to sell over the last 90 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 62, across 64 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 52 days.
The median sale price was $576,350.
Homes sold for about 2.3% below asking on average, so there was room to negotiate.
About 5% of sales closed above the list price.
Around 30% of sellers reduced their price before finding a buyer.
Based on 64 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Carleton Place has 6 Fraser Institute–rated schools (4 elementary and 2 secondary), averaging 5.7/10.
School ratings from the Fraser Institute's Ontario school report cards.
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