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124 Morning Side Road, East Gwillimbury, ON L9N 0K8

Vacant Land
$5,000,000
Property tax
$5,286 / year

Exceptional 10+ Acre Investment Opportunity With Outstanding Highway 11/Yonge Street Exposure In East Gwillimbury. Strategically located at the northwest corner of Morning Sideroad and Highway 11/Yonge Street, this prominent property offers approximately 835 feet of frontage on Morning Sideroad together with exceptional exposure facing Highway 11, a high-traffic north-south corridor.Importantly, the property is within the area addressed by East Gwillimbury's adopted Official Plan and Complete Communities Secondary Plan, which have been submitted to the Province for review/approval. Provincial approval remains pending.Located within one of East Gwillimbury's evolving growth areas, the property is surrounded by significant planning and development activity. The broader Highway 11/Yonge Street corridor includes multiple active and approved development applications, proposed residential and commercial development, and ongoing infrastructure planning supporting the area's long-term growth.The Complete Communities Secondary Plan process has included participation from a Landowners Group and Technical Advisory Committee as planning continues for future growth areas. The Morning Sideroad/Highway 11 area also forms part of broader transportation and infrastructure planning intended to support future development.Currently zoned Rural (RU). Approximately 10.875 acres with an irregular configuration.A rare opportunity to acquire a substantial, highly visible landholding with exceptional Highway 11 exposure in the path of East Gwillimbury's continued growth. www.eastgwillimbury.ca/en/Planning-and-Development/Planning-Studies/Official-Plan-Review/Adopted-Official-Plan.pdf

MLS number
N13166210
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
L9N 0K8
Photos
14
Laundry
Not in the unit
116days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$1,000,000 · minimum here is $1,000,000
$22,138.92per month
Borrowed before insurance$4,000,000
Total borrowed$4,000,000
Interest over 25 years at 4.5%$2,641,675

If you rented it out

-$22,579.42per month out of pocket
Rent$0.00
Everything it costs to hold$22,579.42
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX REALTRON REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.