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22nd
Apr

Where & How to Buy Vacant Land near Toronto

Posted by Nicholas Searle ot 11:17 AM

Vacant land has no structure on it as the name implies, so it suits Buyers looking to build a unique and brand new custom home.
We’ve found over 30 lots in and north of the Greater Toronto Area in the range of $100K - $300K available for sale at the moment.
However before you get too excited, ONLY a few are inside Toronto’s boundaries (zone E10) and there is only 1 available in Mississauga.
The majority of lots in this price range can be found in the Georgina (Pefferlaw or Sutton), Lake Simcoe area, as well as in the vicinity of Uxbridge, a beautiful part of Ontario about 1 hour north/NE of the city up the DVP (without traffic).
The average lot size gets much larger as you move outside the GTA as one would expect. However size starts to decrease as you get closer to the amenities and infrastructure of smaller towns (water, gas pipelines etc.). For around $100K - $150K, the lots average 60 Feet wide by 250 Feet Deep. Certainly big enough to build a large detached house!
Its important to do due diligence with regards to permits for building from Lake Simcoe Conservation authority and the Town of Georgina. You still need to factor in Property taxes and land transfer taxes when buying vacant land. Check with a Realtor or local City or county planner for what these extra costs might add up to.
In cases where a piece of land is outside the boundaries of any towns or cities, there will be unforeseen costs like bringing in water pipes, electricity (although solar off grid systems are widely available), as well as cables for internet and TV! Not to mention gas lines for winter heating supply.


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