$4,250,000
For sale: Vacant Land

15.075-acre prime development site SLATED FOR A SUBDIVISION in the north end of the Town of St. Marys. Ideally situated near the river, parks, walking trails, and local amenities and nestled in amongst similar residential properties.This centrally located site is approximately 40 minutes from London, and 20 minutes from Stratford, 50 minutes from Kitchener, offering strong appeal for development. As designated in the Perth County Official Plan, the property is slated for residential development and is currently awaiting the developers draft plan submission. Two previous concept plans indicate potential for (#1) a 76 lot estate subdivision ( 45 ft to 65 ft wide lots) similar to the abutting area to the east as well (#2) a 150+ bungalow townhome plan within a condominium corporation. Or maybe something in between? Don's miss this highly attractive, development opportunity in a growing and desirable community. Note this listing includes 2 parcels of land , with 2 PINS. Call today for more details.
Sold data
Homes in St. Marys took a median of 55 days to sell over the last 365 days, with the quickest quarter selling within 29 days and the slowest quarter taking more than 110, across 103 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 71 days.
The median sale price was $554,900.
Homes sold for about 2.7% below asking on average, so there was room to negotiate.
About 8% of sales closed above the list price.
Around 33% of sellers reduced their price before finding a buyer.
Based on 103 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.
Schools
St. Marys has 4 Fraser Institute–rated schools (3 elementary and 1 secondary), averaging 6.9/10.
School ratings from the Fraser Institute's Ontario school report cards.
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