Homula Realty Brokerage
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4026 Highway 12, Ramara, ON L0K 1B0

Vacant Land
$699,000
Property tax
$1,369 / year

87 Acres On A Picturesque Rural Setting While Being Located on Highway 12. The Land Is Workable and includes a busy Farm Stand. Property is boarded by Highway 12 and Sideroad 15. Property Is Currently Being Farmed,

MLS number
S13479858
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
L0K 1B0
Photos
34
Laundry
Not in the unit
82days · 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 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 452 people.

$79,500Median household income
92.1%Own their home
100%Detached houses
45.6Median age
5.2%Born outside Canada
14.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35431243 — the few blocks around this address, home to 452 people. It describes the area, not this property.

452Population
43Average age
2.6Household size
$101,000Average household income
$79,500Median household income
92%Own their home
8%Rent
0%Condominiums
5%Born outside Canada
14%University degree
$840,000Average home value
12%Low income
44%Not in the labour force
22%Never married
$20,000 to $24,9994%
$25,000 to $29,9992%
$30,000 to $34,9992%
$35,000 to $39,9992%
$45,000 to $49,9994%
$50,000 to $59,9997%
$60,000 to $69,9994%
$70,000 to $79,9997%
$80,000 to $89,9994%
$90,000 to $99,9992%
$100,000 and over30%
$100,000 to $124,99911%
$125,000 to $149,9997%
$150,000 to $199,9999%
$200,000 and over4%

Percentages are of the 230 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.

$139,800 · minimum here is $44,900
$3,095.02per month
Borrowed before insurance$559,200
Total borrowed$559,200
Interest over 25 years at 4.5%$369,306

If you rented it out

-$3,209.10per month out of pocket
Rent$0.00
Everything it costs to hold$3,209.10
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 AFFINITY GROUP PINNACLE REALTY LTD.. Listing data provided by the Toronto Regional Real Estate Board.