Homula Realty Brokerage
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2224 Rainbow Valley Road W, Springwater, ON L9X 1G3

4 beds · 3 baths · 1 kitchen · 10 rooms · 30 parking spaces · 2500-3000 sq ft · Farm
$4,739,000

Set on 107 acres, this property offers a combination of productive farmland, mature bush, and a newly built custom home designed with attention to detail. Approximately 30 acres are mixed bush, with the balance offering open land, fenced fields, paddocks, a large pond, and a stream. The farm is well equipped with a seven-stall barn a large tack room with exterior access, and an upper hay loft. Two horse shelters, a powered drive shed, a heated detached garage, and a 40' x 60' insulated steel workshop with high doors provide the space to support farming, horses, equipment, or a growing business.The newly completed custom home was built to a high standard and features 10-foot ceilings on the main floor, engineered construction, custom millwork, hardwood flooring, a chef's kitchen with walk-through pantry, radiant in-floor heating, a custom wood-burning fireplace, steam shower, wraparound timber porch, and a long list of thoughtful upgrades throughout. There is also additional Farm house that is perfect for a multi generational family or farm hand. Every detail was planned with quality and function in mind. Properties like this are rarely offered. Whether you're looking for a working farm, equestrian property, or simply space to build your next chapter, this is one that needs to be experienced in person.

MLS number
S13621878
Type
Farm
Status
Active
Bedrooms
4
Bathrooms
3
Postal code
L9X 1G3
Photos
38
44days · 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

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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 488 people.

$110,000Median household income
97.2%Own their home
100%Detached houses
45.6Median age
3.9%Born outside Canada
10%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35430954 — the few blocks around this address, home to 488 people. It describes the area, not this property.

488Population
42.5Average age
2.9Household size
$119,000Average household income
$110,000Median household income
97%Own their home
3%Rent
0%Condominiums
4%Born outside Canada
10%University degree
$860,000Average home value
5%Low income
55%Not in the labour force
23%Never married
$45,000 to $49,9992%
$60,000 to $69,9996%
$70,000 to $79,9994%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over39%
$100,000 to $124,99913%
$125,000 to $149,9999%
$150,000 to $199,99911%
$200,000 and over7%

Percentages are of the 270 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.

$947,800 · minimum here is $947,800
$20,983.27per month
Borrowed before insurance$3,791,200
Total borrowed$3,791,200
Interest over 25 years at 4.5%$2,503,780

If you rented it out

-$20,983.27per month out of pocket
Rent$0.00
Everything it costs to hold$20,983.27
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 CENTURY 21 B.J. ROTH REALTY LTD.. Listing data provided by the Toronto Regional Real Estate Board.