$2,749,900
For sale: Vacant Land

Attention Developers and Investors Welcome to 109-113 Inkerman St. St Thomas, this 5.45 acre parcel of land is designated for Residential use in the St. Thomas Official Plan zoned as HR7-5. The designation permits the full range of densities, subject to meeting the policies of the Plan. I have also attached a copy of the Residential policy section from the Official Plan for your information. The specific policies for the various densities are found in subsections 5.1.3.2 (low density), 5.1.3.3 (medium density) and 5.1.3.4 (high density).
Sold data
Homes in St. Thomas took a median of 24 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 47, across 148 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.
The median sale price was $527,450.
Homes sold for about 2.5% below asking on average, so there was room to negotiate.
About 11% of sales closed above the list price.
Around 26% of sellers reduced their price before finding a buyer.
Based on 148 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
St. Thomas has 16 Fraser Institute–rated schools (12 elementary and 4 secondary), averaging 5.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

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