$127,000
For sale: Vacant Land

Stunning views! All the legwork has been done for this residential lot, situated in a prime location for excellent views of Howey Bay. The lot has been prepped and filled, and graded, with a cement pad poured, complete with in-floor heat piping. A 32ft X 32ft building site is ready to go. City amenities available on the road, including natural gas and hydro. The sewer and water have been prepped, complete with heat trace. Trusses were purchased as well as windows and a patio door. This could be the site of your custom retreat, with much of the expensive work and preparation already complete. What an opportunity!
Sold data
Homes in Red Lake took a median of 38 days to sell over the last 365 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 65, across 40 recorded sales.
The median sale price was $204,450.
Homes sold for about 3.5% below asking on average, so there was room to negotiate.
About 10% of sales closed above the list price.
Around 20% of sellers reduced their price before finding a buyer.
Based on 40 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Red Lake has 3 Fraser Institute–rated schools (2 elementary and 1 secondary), averaging 6.1/10.
School ratings from the Fraser Institute's Ontario school report cards.
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