6863 FIFTH LINE, New Tecumseth

$15,800,000

For sale: Other

Other at 6863 FIFTH LINE, New Tecumseth
Property type
Farm
Living area
699 sqft
MLS®
MLS® N13588520
Neighbourhood
Rural New Tecumseth

Exceptional Power of Sale opportunity to acquire a (6863a 10.16 and 6863 89.46) combined 99.62 acres of contiguous, largely vacant land with frontage on the south side of 5th Line, steps from Tottenham. Ideally situated between the edge of the Tottenham urban boundary and Woodington Lake, these parcels offer prime exposure and growth positioning in one of Simcoe Countys fastest-growing communities. Immediate proximity to the western border of Tottenham places the site just 600 metres from urban amenities, Coventry Park, and Woodington Lake Golf Club. Rapid regional highway access enhances connectivity for future development and investment appeal. Official Plan designations include Rural, Environmental Protection, Oak Ridges Moraine Countryside and Natural Linkage Areas. Zoning supports agricultural, residential, conservation, limited commercial/industrial, and institutional use, with agri-tourism potential. Municipal water and sewer services are nearby; the majority of the land is unimproved except for one single-family residence. A unique offering as as is, where is, under Power of Sale, presenting exceptional land banking and future development prospects in a robust growth corridor.

Sold data

Homes in Rural New Tecumseth — recent sold market

Homes in Rural New Tecumseth took a median of 58 days to sell over the last 90 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 91, across 32 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 93 days.

The median sale price was $902,000.

Homes sold for about 4.0% below asking on average, so there was room to negotiate.

About 6% of sales closed above the list price.

Around 22% of sellers reduced their price before finding a buyer.

Median days to sell
58
Median sale price
$902,000
Sale-to-list ratio
96.0%
Sold above asking
6%

Based on 32 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.

Currently for sale

Homes for sale near 6863 FIFTH LINE