$2,840,000
For sale: Vacant Land

Introducing The Peninsula at Isle of Man. A rare opportunity to acquire a fully approved, premium waterfront estate development in one of Kingston's most picturesque settings. An approved subdivision offering the potential for 12 estate-sized residential lots, including 8 waterfront parcels overlooking the Rideau Canal, a UNESCO World Heritage Site. Located at the end of Isle of Man Road in the sought-after Gibraltar Estates, this exceptional property combines natural beauty with significant planning work already completed. The subdivision approval provides a strong foundation for a developer or builder to complete the servicing and bring to life a premier waterfront estate community. The site offers a diverse mix of waterfront and interior lots, as well as municipal parkland. With expansive water views, mature natural surroundings, and convenient access to downtown Kingston and the Thousand Islands, the location offers an exceptional lifestyle for future homeowners. Whether you're an experienced developer, luxury home builder, or long-term investor, opportunities of this scale and quality are increasingly rare. Supporting due diligence materials, including subdivision plans, engineering information, and planning documentation, are available to qualified purchasers upon request. The Peninsula at Isle of Man represents an exceptional opportunity to create a one-of-a-kind premier waterfront estate community.
Sold data
Homes in Kingston (City North of 401) took a median of 26 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 48, across 430 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 41 days.
The median sale price was $599,900.
Homes sold for about 2.5% below asking on average, so there was room to negotiate.
About 11% of sales closed above the list price.
Around 22% of sellers reduced their price before finding a buyer.
Based on 430 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Kingston (City North of 401) has 38 Fraser Institute–rated schools (29 elementary and 9 secondary), averaging 5.8/10.
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

$3,500,000
Vacant Land485 DRUMMOND CONCESSION 1 ROAD, 903 - Drummond/North Elmsley (North Elmsley) Twp, Drummond/North Elmsley

$1,700,000
Vacant Land231 WELLINGTON ( PIN-451060369) STREET, 58 - Greater Napanee, Greater Napanee

$2,950,000
Vacant LandPT LT 3 PRINCESS STREET, 42 - City Northwest, Kingston

$3,250,000
Vacant Land173&77 HIGH STREET, Sutton & Jackson's Point, Georgina

$2,880,000
Vacant LandLOT 12 PROVENCE COURT, Rural Richmond Hill, Richmond Hill

$2,400,000
Vacant Land23095 MCCOWAN ROAD, Baldwin, Georgina

$2,950,000
Vacant Land00 COUNTY ROAD 2 ROAD, 807 - Edwardsburgh/Cardinal Twp, Edwardsburgh/Cardinal

$1,700,000
Vacant Land231 WELLINGTON (PIN-451060369) STREET, 58 - Greater Napanee, Greater Napanee