This 19-acre lot in Ontario is just $99,000 but it's entirely underwater
If you’ve gotten tired of the land-based real estate market in Ontario, why not try entering the underwater one?
You now can, thanks to a recently listed lot in southern Ontario. It hit the market with an asking price of $99,000, which, under normal circumstances, would seem like a total steal for a property in Ontario, but this listing is — you guessed it — entirely underwater.
Located off of Brock Street in the Ontario town of Shrewsbury — a tiny town of about 345 people within the Municipality of Chatham Kent — the for-sale property spans 19 acres and is entirely covered by the waters of Lake Erie.
What exactly one could do with an underwater property is somewhat unclear, but the listing says that it is a “wetlands with permitted uses” and could “have endless possibilities in the future.” And to top it all off, the listing says to “be creative.”
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The listing does note that the land is zoned as residential, so it seems there may be a possibility to have a home here.
The listing agent for this property did not return a request for comment.
Whatever does end up happening with this submerged property will definitely be interesting to see.