78 PATTERSON STREET, Norfolk (Simcoe)

$449,900

For sale: Vacant Land

Vacant Land at 78 PATTERSON STREET, Norfolk (Simcoe)
Property type
Vacant Land
MLS®
MLS® X12851166
Neighbourhood
Simcoe

Vacant residential lot for sale in Simcoe, approximately 0.299 acres. This prime development opportunity comes with municipal and Long Point Region Conservation Authority approvals already in place for a nine-unit, three-storey residential apartment building (2 bedrooms per unit). Architectural and structural plans are available, and completed, transferable approvals include Site Plan, Functional Servicing Report, Traffic Impact Brief, Survey, LPRCA approval, and Stormwater Management Design Brief-saving valuable time and development costs while providing a streamlined path to construction. Excellent location close to shopping, schools, parks, public transit, and other amenities. A rare, permit-ready investment opportunity in a growing community-ideal for builders or investors seeking a mid-sized, spring-ready project with significant groundwork already completed.

Sold data

Homes in Norfolk (Simcoe) — recent sold market

Homes in Norfolk (Simcoe) took a median of 45 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 79, across 134 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 66 days.

The median sale price was $599,950.

Homes sold for about 3.3% below asking on average, so there was room to negotiate.

About 9% of sales closed above the list price.

Around 28% of sellers reduced their price before finding a buyer.

Median days to sell
45
Median sale price
$599,950
Sale-to-list ratio
96.7%
Sold above asking
9%

Based on 134 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 78 PATTERSON STREET