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Lot 3 Balm Beach Road W, Tiny, ON L0L 2J0

Land
$289,000

Vacant lot located in very visible location in the popular community of Balm Beach. Shoreline Commercial zoning permits a variety of uses including restaurant, tourist establishment/rental cabins, store, hotel/motel. Level lot with gas, hydro, cable and phone at the road. Under a 10 minute drive to the Town of Midland and less than 2 hours to Toronto.

MLS number
S13766788
Type
Land
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
L0L 2J0
Photos
7
Property tax
$3,250 / year
2days · this listing
2days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

No previous listings found for this address.

Where this home 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.

Work out the numbers

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

$57,800 · minimum here is $14,450
$1,279.63per month
Borrowed before insurance$231,200
Total borrowed$231,200
Interest over 25 years at 4.5%$152,689

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$1,068.46per month out of pocket
Rent$482.00
Everything it costs to hold$1,550.46
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 Georgian Bay Realty Ltd. Listing data provided by the Toronto Regional Real Estate Board.