2420 PROVIDENCE LINE, Otonabee-South Monaghan

$1,999,000

For sale: Other

Other at 2420 PROVIDENCE LINE, Otonabee-South Monaghan
Property type
Investment
MLS®
MLS® X13790920
Neighbourhood
Otonabee-South Monaghan

Rare Approx. 100-Acre Freehold Property With Established Salvage Operation & Multiple Zoning Opportunities. Opportunity to acquire approx 100 acres in Otonabee-South Monaghan Township, Peterborough County. Approx 90 acres of mature cedar and mixed hardwood bush, natural lands and watercourse, with RU, MD, RR and EP zoning. Established salvage/recycling operation with legal non-conforming status recognized by the Township. Existing structures include a renovated detached home with well, septic, and 400 amp & 220 volt hydro; approx 2,500 sq. ft. autobody workshop; and salvage yard with 80ft commercial weigh scale and hydraulic compressor. 7.5 acres of MD zoned land may offer potential for waste disposal, recycling or related industrial use. About 1.5 acres of RR zoned land. A unique blend of established commercial use, substantial acreage, natural surroundings, existing infrastructure and future upside. Paved municipal road frontage. About 20 mins drive to Peterborough and 1.5 hrs to the GTA. Sold As-Is, Where-Is.

Sold data

Homes in Otonabee-South Monaghan — recent sold market

Homes in Otonabee-South Monaghan took a median of 37 days to sell over the last 90 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 64, across 36 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 54 days.

The median sale price was $539,500.

Homes sold for about 5.0% below asking on average, so there was room to negotiate.

About 11% of sales closed above the list price.

Around 25% of sellers reduced their price before finding a buyer.

Median days to sell
37
Median sale price
$539,500
Sale-to-list ratio
95.0%
Sold above asking
11%

Based on 36 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 2420 PROVIDENCE LINE