375 Queensway Avenue, Espanola, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Espanola. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,995,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 300 x 2164.51 ft lot size
- Notable attributes: None
Description
Prime Residential Development Site South Side of Espanola. 33 Acres of Opportunity! An exceptional investment for developers! This expansive 33-acre property is perfectly located on the south side of Espanola, offering unparalleled potential for mixed residential development. Zoning change pending. 3 storey, 40 unit retirement home proposed and approved for the north west corner of property. AGGREGATE Resources Act Licence has been removed off the subject property. Key Features: Fully serviced with water, sewer, and natural gas. Conveniently located near the hospital and shopping centre. Ideal for retirement homes, long-term care facilities, or other residential projects. Additional Perks: Environmental studies completed and available with a conditional offer. Strong potential for community-focused living. Don't miss out on this rare development opportunity in a prime location! Environmental studies are available with conditional accepted offer.
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Property Summary
This vacant land located at 375 Queensway Avenue, Espanola is currently for sale and has been available on SousaSells for 542 days. This property is listed at $1,995,000 with an estimated mortgage of $6,641* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 375 Queensway Avenue, Espanola
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 375 Queensway Avenue, Espanola, ON P5E 1K2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Espanola, ON
For a property listed at $1,995,000 in Espanola, the legal minimum down payment is $399,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $36,375 for this transaction. As this listing is in Espanola (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $36,375.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.