25 YONGE STREET N, Springwater (Elmvale)

$740,000

For sale: Vacant Land

Vacant Land at 25 YONGE STREET N, Springwater (Elmvale)
Property type
Vacant Land
MLS®
MLS® S12956300
Neighbourhood
Elmvale

Rare development opportunity with municipal approvals in place. The property is zoned R3-13 Residential and has received planning approval for the development of up to 10 residential units (two-bedroom units).Ideally located in the heart of Elmvale, within close proximity to schools, retail amenities, and community services. The property benefits from full municipal services, including water, sewer, hydro, and road access. Lot size is approximately 13,000 sq ft. A great opportunity for builders and investors to proceed with a development project while saving significant time on the planning and approval process. Buyer to verify all information, zoning, and approvals. Vendor Take-Back Financing Available.

Sold data

Homes in Elmvale — recent sold market

Homes in Elmvale took a median of 31 days to sell over the last 365 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 56, across 43 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 74 days.

The median sale price was $650,000.

Homes sold for about 2.8% below asking on average, so there was room to negotiate.

About 7% of sales closed above the list price.

Around 16% of sellers reduced their price before finding a buyer.

Median days to sell
31
Median sale price
$650,000
Sale-to-list ratio
97.2%
Sold above asking
7%

Based on 43 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.

Currently for sale

Homes for sale near 25 YONGE STREET N