Winchester Land for Sale
This Boston suburb is one of the closest to the city of Boston. The town origins are connected with the Boston and Lowell Railroad, which ran down the center of the town. A variety of tradesmen and shopkeepers opened up along the rail lines. Today, it is home to many who work in Boston but enjoy the quiet and charm of small-town life. It is well connected to the MBTA and has access to many main thoroughfares.
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Land for Sale
If you are looking to build a dream home, open a business or expand your investment portfolio, this town could be an exciting opportunity. At Boston City Properties, we have access to one of the largest online databases for vacant land listings. Our staff members are well versed in the details of plot zoning. We are available seven days a week to assist you, regardless of your needs.
The Neighborhood
Winchester lies roughly 8 miles from Boston and is located in Middlesex County. The population is around 22,000 people. It has a population density of 3,500 people per square mile. The town is just over 6 square miles and is divided down the center by a valley. This valley was the original course of the Merrimack River. The area includes several ponds and lakes, including the Mystic Lakes, the Aberjona River, Sachem Swamp, Winter Pond and Wedge Pond. The area also contains wooded hills and the Middlesex Fells Reservation.
The town is bordered by Woburn, Stoneham, Medford, Lexington and Arlington. The median home value in this town is $897,000 as of 2018. Home values are expected to rise at around 2 percent in the coming year. Winchester has a very healthy market and has seen steady growth in the last few years. There are very few homes with negative equity in this suburb.
It has several unique neighborhoods, including Town Center, North Side, Highlands and Wedge Pond. Considering the future growth of this town, its proximity to Boston and its strong market this would be an ideal location to buy empty plots to build a home or commercial building. It would be a great future investment spot as well.
The Building Options
There are several investment opportunities including building a home for rent, building a primary or secondary home or building a commercial property for lease or use. Vacant lots can be an attractive and lucrative option for investors or homeowners. This town's median home costs have appreciated almost 20 percent in the last ten years. These are some of the highest figures in and around the Greater Boston Metro area.
To maintain the picturesque and historical feel this town has implemented several unique zoning requirements. For example, homes cannot be over a certain size. Also, driveways and patios must be kept under 35 percent and open space must also be at least 35 percent of a given lot. That being said, building your dream home is still a great option in this town.
If you are an investor looking to expand or grow your business, experts predict this town should see steady growth in the next few years. There is always demand for small multi-use buildings to house retail shops. This could include restaurants, dry cleaners and other service-oriented businesses. Others may choose to build and then sell their property on to another company.
Other options may be developing larger plots into townhomes, apartment complexes, or warehouses. With vacant plots, the options are almost endless. Some investors get creative selling firewood or creating hiking trails before using or selling their land on again.
At Boston City Properties, we are here to help you find the plots you need. We specialize in residential and commercial plots both large and small. We have access to an online database that is the largest in the Boston area. Our staff members provide excellent customer service and are well informed when it comes to zoning requirements and the entire process.
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Land for Sale