$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 (TB-701) took a median of 40 days to sell over the last 365 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 86, across 40 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 222 days.
The median sale price was $184,950.
Homes sold for about 4.3% below asking on average, so there was room to negotiate.
About 12% of sales closed above the list price.
Around 18% 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 (TB-701) 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.
Currently for sale

$45,000
Vacant Land15 MCMANUS STREET, TB-701, Red Lake

$210,000
Vacant Land1, TB-701, Red Lake

$9,500
Vacant Land38 BIRCH LANE, TB-701, Red Lake

$19,000
Vacant Land13 BEVERIDGE STREET, TB-701, Red Lake

$38,000
Vacant Land21 BEVERIDGE STREET, TB-701, Red Lake

$28,500
Vacant Land19 MAIN STREET, TB-701, Red Lake

$120,000
Vacant Land53 MCMANUS STREET, Red Lake

$159,000
Vacant LandLOT 5 EAGLE BAY ROAD, Redditt Road West, Kenora