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5876 8th Line, Essa, ON L0L 1N0

6 beds · 3 baths · 2 kitchens · 12 rooms · 20 parking spaces · 3500-5000 sq ft · Detached
$2,998,000
Property tax
$8,826 / year

Welcome to this exceptional 47-acre parcel in South Essa Township, formerly known as the historic Tally Ho Airport, offering a rare opportunity with private aircraft aerodrome zoning. This unique property features a desirable blend of agricultural, commercial, and residential zoning, including approximately 5 acres of commercially zoned land fronting on 8th Line, providing excellent exposure and accessibility for a wide range of permitted uses. Registered with NAV Canada, the aerodrome permits ongoing private aircraft operations and includes a functional airstrip with additional shorter runways, ideal for aviation enthusiasts, private operators, or businesses requiring direct air access. The property includes a traditional 6-bedroom Ontario farmhouse with strong potential for multi-generational living, rental income, or a customized estate residence. A secondary home of approximately 1,000 sq. ft. offers additional flexibility for renovation, redevelopment, or guest accommodations. Outbuildings include an impressive 80' x 80' aircraft hangar capable of accommodating planes or helicopters, complete with an attached 15' x 40' office, a secondary 80' x 40' insulated metal building with heat and power, and a third structure currently used for hay storage with flexible future use. With established infrastructure, flexible zoning, and rich aviation history, this property supports a wide range of uses including agricultural operations, home-based businesses, and specialized commercial applications (subject to approvals).A rare offering combining scale, privacy, commercial frontage, and active aviation use-ideal for investors, end-users, or those seeking a distinctive live/work opportunity with long-term upside. Renderings are for illustrative purposes only and do not represent the property's current condition.

MLS number
N13416682
Type
Detached
Status
Active
Bedrooms
6
Bathrooms
3
Postal code
L0L 1N0
Photos
35
Laundry
Not in the unit
97days · 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

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

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.

The market around this home

Detached houses in Essa361 sales over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.

Median sold priceWhat comparable homes actually sold for
$669k$1.86M$3.04M20252026this home’s asking price
$799klatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
97%98%100%20252026the asking price
97%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d24d49d20252026
31dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among detached houses in essa. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 789 people.

$123,000Median household income
84.6%Own their home
98.1%Detached houses
45.2Median age
6.9%Born outside Canada
12.6%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35430745 — the few blocks around this address, home to 789 people. It describes the area, not this property.

789Population
42.7Average age
3Household size
$151,000Average household income
$123,000Median household income
85%Own their home
15%Rent
0%Condominiums
7%Born outside Canada
13%University degree
$970,000Average home value
6%Low income
48%Not in the labour force
23%Never married
$15,000 to $19,9991%
$35,000 to $39,9992%
$40,000 to $44,9991%
$45,000 to $49,9992%
$50,000 to $59,9991%
$60,000 to $69,9993%
$70,000 to $79,9992%
$80,000 to $89,9991%
$90,000 to $99,9992%
$100,000 and over40%
$100,000 to $124,99911%
$125,000 to $149,9997%
$150,000 to $199,99910%
$200,000 and over14%

Percentages are of the 435 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

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

$599,600 · minimum here is $599,600
$13,274.50per month
Borrowed before insurance$2,398,400
Total borrowed$2,398,400
Interest over 25 years at 4.5%$1,583,949

If you rented it out

-$14,010.00per month out of pocket
Rent$0.00
Everything it costs to hold$14,010.00
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 NEST SEEKERS INTERNATIONAL REAL ESTATE. Listing data provided by the Toronto Regional Real Estate Board.