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Lot 2 2332 Rumney Road, Tay, ON L4R 4K3

Vacant Land
$449,500

Rare opportunity to build your dream home on this 1.85-acre open lot in rural Tay Township. Offering approximately 164 ft of frontage and almost 500 feet of depth, there is plenty of room for a custom home, spacious yard, gardens, and everything that comes with enjoying the rural lifestyle. Surrounded by forested areas and open fields, this is a peaceful country setting without sacrificing convenience. A driveway and culvert are already in place, providing a great head start for your future build. Located close to Highway 12 and major routes for commuters, with snowmobile trails directly across the road and paved walking and cycling trails approximately 1 km away. Mount St. Louis Moonstone is also just 15 minutes away, making it easy to enjoy skiing and winter activities. Just minutes from Midland and everything it has to offer, including beaches, boat launches, restaurants, shopping, YMCA, community centers, and more. The area is rich in history, with Sainte-Marie among the Hurons nearby. An Enbridge natural gas line runs along the road in front of the property, offering the opportunity to connect to natural gas - a great bonus when building your new home. Lot 1, directly beside this property, is also available. A fantastic opportunity to build from the ground up and create a home that is truly your own! All servicing is the responsibility of the Buyer and the Buyer/Buyers representative to do their own due diligence in respect to building terms and criteria with the township.

MLS number
S13699554
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
L4R 4K3
Photos
8
Laundry
Not in the unit
23days · 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.

$89,900 · minimum here is $22,475
$1,990.29per month
Borrowed before insurance$359,600
Total borrowed$359,600
Interest over 25 years at 4.5%$237,487

If you rented it out

-$1,990.29per month out of pocket
Rent$0.00
Everything it costs to hold$1,990.29
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 ENGEL & VOLKERS BARRIE. Listing data provided by the Toronto Regional Real Estate Board.