537086 MAIN ST, Melancthon

$4,999,000

For sale: Vacant Land

Vacant Land at 537086 MAIN ST, Melancthon
Property type
Vacant Land
MLS®
MLS® X12965156
Neighbourhood
Rural Melancthon

Unlock the full potential of this exceptional lot! Located just outside of Horning's Mills with frontage on both Main Street and Highway 124. This beautiful and accessible lot of 25.13 acres is currently zoned for development by Melancthon Township and is designated Community and Environmental Conservation by the Township of Melancthon Official Plan. Services are currently at the road with cable, hydro, gas, and high speed fibre internet all available. Proposals currently submitted to the Township for a 19 lot residential development. This property offers a unique opportunity for builders, developers, or investors seeking a strategic site.

Sold data

Homes in Melancthon — recent sold market

Homes in Melancthon took a median of 52 days to sell over the last 730 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 91, across 52 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 91 days.

The median sale price was $987,000.

Homes sold for about 3.9% below asking on average, so there was room to negotiate.

About 4% of sales closed above the list price.

Around 23% of sellers reduced their price before finding a buyer.

Median days to sell
52
Median sale price
$987,000
Sale-to-list ratio
96.1%
Sold above asking
4%

Based on 52 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 537086 MAIN ST