$1,250,000
For sale: Vacant Land

Rare development opportunity in Vernon, City of Ottawa! Approved 18-lot subdivision with major infrastructure already completed. Drainage and retention pond are in placed, and 6 lots are permit-ready for immediate construction after well and hydro study. Save valuable time and development costs with much of the work already done. A recent third-party appraisal values the property above the current listing price, offering exceptional value and upside potential. An outstanding opportunity for builders, developers, and investors looking for a near shovel-ready project in a growing community.
Sold data
Vacant Land homes in Ottawa took a median of 70 days to sell over the last 90 days, with the quickest quarter selling within 21 days and the slowest quarter taking more than 128, across 30 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 120 days.
The median sale price was $397,000.
Homes sold for about 5.2% below asking on average, so there was room to negotiate.
About 10% of sales closed above the list price.
Around 13% of sellers reduced their price before finding a buyer.
Based on 30 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.
Schools
Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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$1,249,000
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