CON 3 EAGLE LAKE ROAD, South River

$499,900

For sale: Vacant Land

Vacant Land at CON 3 EAGLE LAKE ROAD, South River
Property type
Vacant Land
MLS®
MLS® X13511388
Neighbourhood
South River

Approx. 45 Acres of Prime Development Land with draft-plan 101-Lot Subdivision Plan in South River, Ontario. An exceptional opportunity for developers and builders to acquire a large-scale residential development parcel in a municipality that actively supports growth and investment.South River offers a significant cost advantage with NO REGIONAL DEVELOPMENT CHARGES and additional incentives available through the municipality's Community Improvement Plan, including potential tax benefits for qualifying projects. The Village's Official Plan supports a diverse range of housing options, including single-family homes, townhomes, affordable housing, multiplexes, apartment buildings, secondary suites, and other innovative housing solutions.Existing infrastructure includes municipal water, natural gas, and fibre-optic internet, providing a strong foundation for future development. (Private septic systems required.)Located in the scenic Almaguin Highlands, just south of North Bay, South River is an attractive destination for families, retirees, outdoor enthusiasts, and remote workers seeking affordable housing and a high quality of life. Residents enjoy easy access to Algonquin Provincial Park, Eagle Lake, and Mikisew Provincial Park, making the area a year-round recreation hub.A growing economic base, supported by local employers, tourism, and expanding community services, continues to drive housing demand throughout the region. With approvals in place and strong municipal support for development, this property presents a rare opportunity to bring a residential project to market in an emerging Northern Ontario growth corridor.**Seller may consider holding a short-term Vendor Take Back (VTB) mortgage of up to $200,000 for qualified purchasers. Please note approx. 2 acres was severed off as 2 individual 1 acre building lots at the end of Poplar street- ideal for model homes and sales office to be built.

Sold data

Homes in South River — recent sold market

Homes in South River took a median of 27 days to sell over the last 730 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 74, across 32 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 68 days.

The median sale price was $387,000.

Homes sold for about 3.5% below asking on average, so there was room to negotiate.

About 0% of sales closed above the list price.

Around 12% of sellers reduced their price before finding a buyer.

Median days to sell
27
Median sale price
$387,000
Sale-to-list ratio
96.5%
Sold above asking
0%

Based on 32 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in South River

South River has 2 Fraser Institute–rated schools (1 elementary and 1 secondary).

Rated schools
2
Elementary
1
Secondary
1

Top-rated schools in South River

  • South River — elementaryFraser rating 6.2/10
  • Almaguin Highlands — secondaryFraser rating 3.4/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near CON 3 EAGLE LAKE ROAD