Oshawa Realty Blog

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Building Lots For Sale For One Dollar

The village of McAdam, New Brunswick, is offering building lots for sale for just one dollar. Yes, you read that right, ONE DOLLAR!


Now, you're probably thinking that this place must be either in a remote location that isn't suitable for living, or maybe there is a decommissioned nuclear waste dump. Nope, it's actually a pretty nice looking place. Less than an hour southwest of Fredericton, with about 1200 residents.


What's the catch, then? Well, the village residents decided that they wanted to grow to 1300 people, and this is one of the ways that they plan on attracting new people. They are also focused on retirement, industry and tourism. The local campground was recently expanded to allow more visitors to support the local economy.


Sounds pretty good so far, right?


According to the municipal website, the lots are from 49 to 95 feet wide, and from 103 to 164 feet deep. That's plenty of space to build an average home.


Not only that, the village will pay to have local water and sewer lines brought to the edge of the home.


The purchaser must agree to build a home that conforms to local, provincial and national building codes within two years of purchase, and to not transfer title before the home is built.


They must also make a $2500 performance payment that will be returned upon completion of the home construction. If they don't build or don't build by the deadline, their payment is forfeited and the title reverts back to the municipality.


That's not a very restrictive list of conditions, by any standard.


Here is a satellite image of the village:



lots for sale one dollar


Here is an image of the lots for sale:


mcadam lots for sale


Want to find out more? Check out the village's website here: https://mcadamnb.com/

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John Owen, Realtor
Direct: 905-434-0067
Office: 905-240-6777