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Building lots for sale for $700 (yes seven hundred dollars!)
Did you know that you could purchase a building lot in Smooth Rock Falls, Ontario and this small northern Ontario town will reimburse you 90% of the purchase price? Other equally generous incentives are available to entice business owners to open up shop as well. The town has been trying to recover from the closure of it’s primary industry, a pulp and paper mill in 2006.
The average asking price for a residential lot is about $7,000 and if you build on it within 2 years the town will reimburse you 90% of that purchase price so in essence you’ve only paid $700.00! They are currently showing 12 “surplus” residential properties for sale on the town’s website.
Here is an example of a recent one:
100 Hollywood Avenue
Civic Address: 100 Hollywood Avenue
Price: $6,900 Frontage:
Lot Dimensions: 50.00 ft Depth: 112.00 ft Area:
Lot area: 5,600.00 sq ft
Road Access: Yes
Municipal Water Available: Yes
Municipal Sewer Available: Yes
Zoning: R1 – Residential First Density
Current Use: Vacant
Link to property info: 100 Hollywood Ave.
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