Development Opportunity! Located at the end of the Cul de Sac on Cedar Ridge Court, offering mountain view and valley view. Cedar Ridge Court is a relatively newer subdivision with mid to high end homes. With the this lot being located on a short no-through road, you can expect minimal traffic with privacy. A property surrounded by new homes in a quiet location adds value to a potential build site. This .47 Acre property has been partially cleared, and will need to be stripped of topsoil and none-structural material. The lowest part of the property lies 18 meters down from the top of curb height. The average depth is roughly 15 meters down. The lot will need a generous amount of structural fill to bring the building site up to a grade that is compatible with the architectural design, which could result in adding risers to the storm and sewer. Estimated quote for material and machine time are as minimal as $50,000 up to $80,000+ depending on how large the finished lot is designed. Telephone, internet, hydro, gas and municipal water are at the Cul de sac lot line. Storm, sewer and sanitary lay down below on the lower bench. The price of the property has been adjusted to sell accordingly to accommodate a knowledgeable buyer. (MULTI MEDIA & VIRTUAL TOUR DRONE VIDEO), (id:2493)
Property Type:
Vacant Land
Transaction Type:
For sale
Ownership Type:
Freehold
Community:
Lumby Valley
Amenities:
Recreation, Schools
Features:
Cul-de-sac, Private setting, Corner Site, Irregular lot size, Sloping
Data was last updated December 7, 2023 at 12:45 PM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$199,900
Min list price:
$99,000
Max list price:
$980,000
Avg days on market:
253
Min days on market:
77
Max days on market:
556
These statistics are generated based on the current listing's property type
and located in
Lumby Valley. Average values are
derived using median calculations.
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