$369,900
For sale: Vacant Land

A fantastic opportunity to develop this residential building lot just south Bank St and Walkey Road. Nestled in a mature residential neighbourhood, this location offers no rear neighbours, walking distance to an elementary school, public pool and tons of shopping. The adjacent lot is also for sale, why not build two homes instead of one! A permitted demolition has taken place and the home that was there has been removed. Services have been capped off for this lot, a water deposit is currently being held, and will be released with a building permit.
Sold data
Vacant Land homes in Ottawa took a median of 55 days to sell over the last 90 days, with the quickest quarter selling within 24 days and the slowest quarter taking more than 130, across 34 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 105 days.
The median sale price was $409,450.
Homes sold for about 5.5% below asking on average, so there was room to negotiate.
About 3% of sales closed above the list price.
Around 21% of sellers reduced their price before finding a buyer.
Based on 34 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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