$499,000
For sale: Vacant Land

Trophy estate by the bluffs with an existing guest house, stunning views of Lake Ontario, and a lower lot with potential for severing and developing a multi-unit residence. Generational opportunity to own over an acre of land perched at the edge of the escarpment. Whether it's bringing your dream property to life with the utmost level of privacy, or having the potential in severing the lot to accommodate for multiple units, and creating a truly one of a kind multifamily investment buildout, finding a property of this size with elevated views of lake Ontario is a golden chance that rarely becomes available. Existing guest house can be customized to your liking with the already established footprint. Hydro & gas service are in place. Property is being sold in "as is, where is" condition.
Sold data
Homes in Toronto (Cliffcrest) took a median of 23 days to sell over the last 90 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 47, across 5,918 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 48 days.
The median sale price was $799,992.
Homes sold for about 2.9% below asking on average, so there was room to negotiate.
About 21% of sales closed above the list price.
Around 16% of sellers reduced their price before finding a buyer.
Based on 5,918 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto (Cliffcrest) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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